#比特币价格走势与周期 I've been seeing the recent community debate about the 90,000 USD resistance level, and it keeps reminding me of the shadows of that 2017 cycle. Back then, there was a similar divide—some were convinced a breakthrough was imminent, while others had already caught a whiff of risk. Now looking at this liquidity depletion warning and volatility hitting historic lows, this signal is all too familiar to me.

Low volatility is often the calm before the storm. The market around Christmas has always had questionable liquidity, and the sustained squeeze on contract longs is like a taut string—the tighter it gets, the more violent the rebound tends to be. But that's assuming the string doesn't snap first. Several important corrections throughout history have occurred when traders were least vigilant, precisely during these strange periods of "everyone is bullish but everyone is also watching and waiting."

I'm not bearish, but rather reminding myself: the patterns of cycles never change; it's just that participants always love pretending this time is different. This market divergence itself is exactly what suggests everyone is at a critical point. True opportunities often incubate within this kind of uncertainty. But don't forget either—after weathering this liquidity depletion hurdle, the road ahead can be walked with much firmer footing.