Since the beginning of this year, gold and silver have significantly outperformed Bitcoin, rising by 60% and 86% respectively, while Bitcoin has declined by 1.2%. Analysts attribute the surge in precious metal prices to market concerns over currency devaluation and the possibility of policy missteps by the Federal Reserve amid high inflation. Meanwhile, traditional stock indices such as the S&P 500 and Nasdaq have also seen gains. However, after experiencing market shocks and deleveraging in October, Bitcoin remains in a "mid-cycle correction" phase, currently trading between $82,000 and $94,000. Experts believe that Bitcoin's underperformance relative to other assets is temporary and is related to its high sensitivity to macroeconomic conditions.