A recent interesting phenomenon has emerged in the market. Gold has increased by over 71% this year, just breaking through the $4,500 mark, with a market capitalization increase of nearly $13 trillion. Silver is even more exaggerated, rising by 148%, reaching $72 and hitting a new high, firmly ranking among the top three assets globally. The US stock market hasn't been idle either; the S&P 500 rebounded 43% from its April lows, setting a new all-time high.

But guess what—what about Bitcoin? It has retraced a full 30% from its October high, and this year it has directly fallen by 13%, looking set to close out the worst fourth quarter in seven years. Ethereum isn't doing much better either; while traditional assets are celebrating collectively, the entire crypto market has instead fallen into weakness.

This doesn't add up. Gold, US stocks, and silver are all hitting new highs, yet Bitcoin is heading downward. How can this divergence be explained using conventional market logic? Many are pondering—most likely, large funds are deliberately suppressing it. Is it due to mechanism differences or intentional market manipulation? This is a question worth considering.