#比特币流动性 🔥 There's a saying: history doesn't repeat itself, but it often rhymes. The current commodities market resembles a familiar scene that has occurred twice in the last century and a half, and we may be witnessing the third time now.

Gold broke through the 4500 level, soaring 150% in half a year; silver is even more exaggerated, rising from 33 to 72, leaving crude oil behind. Each of these triple jumps is never simple behind the scenes—historically, the first two rounds were accompanied by high inflation and negative real interest rates, leading to currency devaluation, with metals becoming the final fortress.

But this time feels a bit magical: inflation is moderate, interest rates are not high, so what are gold and silver rising for? The market is betting with shiny real gold and silver on a story—betting that the US might use inflation to digest massive debt in the future, betting on the long-term theme of "de-dollarization" worldwide. More notably, gold, silver, and copper are rising together, which usually indicates a comprehensive start to the commodities cycle.

There is a pattern in the historical script: during the late stage of gold's frenzy, silver often experiences the most aggressive catch-up rally, with volatility far exceeding gold. Right now, silver is stepping on this acceleration pedal.

💭 Returning to the crypto market: in the last two epic cycles, the outcomes have been surprisingly consistent—after the gold feast, massive funds turned to stocks, initiating a decade-long bull market. What does this tell us?

Liquidity overflowing from traditional finance will eventually flow into high-risk assets. The crypto market is closely linked to US stocks, which could be a potential super fuel. During major cycle rotations, only core assets like Bitcoin and Ethereum can withstand the volatility. The current strategy is clear: hold your spot positions and avoid being shaken out by short-term turbulence.

Trend shifts take time, so keep ammunition ready and closely watch the next signals of capital flow. A big chess game is brewing—are you keeping up with the rhythm?