#今日你看涨还是看跌？ Traditional assets are celebrating wildly, while crypto assets unexpectedly fall behind. 2025, the "meat grinder market" of the crypto world!

Bitcoin and Ethereum hit new highs then turned downward, altcoins generally spiral downward, over 30% of BTC holdings are now in loss. Market liquidity continues to dry up, ETF funds have been withdrawing for 9 consecutive weeks, trading volume has plummeted to freezing point, and the search interest for "cryptocurrency" has dropped to its lowest point of the year—this winter, no one is spared.

📉 Can't beat the stock market, can't beat gold
Compared to traditional assets, the crypto market is losing ground:
▪️ The three major US stock indices have gained over 14% this year, with the Nasdaq up 22%;
▪️ South Korea's Kospi surged over 76%, with retail funds flooding into the stock market;
▪️ Gold, silver, and platinum hit new highs, and the "digital gold" narrative faces severe challenges.
Funds are always seeking profits. When the traditional world offers more stable returns, the appeal of crypto assets is fading.

As crypto funds flow into stocks and precious metals, many people are starting to chase opportunities across different circles. But remember—
Opening an account does not mean meeting the capability standards. The US stock market is a highly institutionalized battlefield, retail investors are almost completely behind in information, tools, and experience; using crypto trading thinking to respond to earnings reports, industry cycles, and macro policies can easily turn you into a "fool."
The real threshold has never been entry qualification, but the depth of cognition. 45% of young American crypto investors have not experienced a full bull and bear cycle, so don’t mistake market beta for your alpha.

🌪️ Narratives will rotate, cycles will return
This year, only a few sectors like RWA and Layer1 saw gains, most tracks declined significantly. What the market lacks is not opportunity, but patience. Stay calm during frenzy, accumulate during downturns, and protecting your own skill set is more important than chasing every hot spot.

The crypto market will not disappear, but it is undergoing a brutal process of value filtering. Don’t get lost in the noise—wait for the wind to come, which often happens when most people give up.

📌 Summary:
1️⃣ The crypto market is under short-term pressure, with funds and enthusiasm flowing out simultaneously;
2️⃣ Traditional assets are performing strongly, with clear diversion;
3️⃣ Cross-sector investment requires upgraded cognition, beware of "dimensionality reduction attacks";
4️⃣ Protect your skill set, stay patient, cycles are always recurring.

Investing is the realization of cognition. Don’t lose your rhythm in others’ narratives.
Plant seeds in the winter, wait quietly for spring.

(Rhino Crypto Community: Feel free to share and discuss, engage rationally with market views)