Recently, there are two things worth paying attention to: 1. The big players are getting better at hiding themselves, closely mimicking gold's movements. Even though there are some short positions above, the price isn't going up. 2. The ETH/BTC exchange rate—ETH's big players have been unusually quiet lately. The rate is slowly dropping, and ETH continues to stay weak. Are the big players disguising themselves as gold volatility to become actual gold? Obviously not. Gold has consistent support from global central banks increasing their holdings. As for $BTC in a downward cycle, who’s consistently buying? Speculative assets thrive on high volatility. Right now, we haven’t seen massive contract liquidations, nor have we seen huge spot volume, nor a strong turnover range for positions. So, in the end, $BTC will still slowly return to its own cycle. When it’s time to drop, it will drop. Just wait patiently for the right pitch, but it’s definitely not now.