Hanmu Xia's latest assessment: The Bitcoin market is quietly changing, and this moment may no longer be the best time to get on board. Market sentiment is being reshuffled by persistent capital outflows, and the selling pressure from ETFs is continuously eroding the original logic of the upward trend. But this does not mean the end of the bull market; it just reminds us that when certainty decreases, smart money often waits a moment. Right now, it's not about who is braver, but about who is clearer-headed—in a stage where the market enters complex consolidation, forcefully chasing every small rebound may instead lead to hidden traps. True opportunities are always reserved for those who are patient; when risks quietly accumulate, it may be wise to let the market run a bit longer. $ETH $BNB $BTC #比特币流动性 #加密市场观察