#美SEC推动加密创新监管 BTC just stood above 91,000, and various voices of "bull run returning" are flying everywhere. Calm down! The quality of this rebound is really not as strong as you think.

First, look at the timing—during Thanksgiving holidays, American traders are at home slicing turkey, and market liquidity is as thin as paper. Two hundred million dollars in short positions getting liquidated? Don't get excited; that is a chain reaction under liquidity exhaustion, not a real big buy order rushing in.

Let's look at the institutions. BlackRock is indeed accumulating Bitcoin ETFs, but have you noticed? They are building their positions gradually and have no intention of going all in. As for ARK... their historical performance speaks for itself, you can weigh its reference value yourself.

Looking back at past data, it's clear that holiday markets are often traps nine times out of ten. The real trend can only be seen after the U.S. market reopens on Monday, when mainstream funds return.

The biggest taboo right now is chasing gains and killing dips. The market's best trick is to hit you hard the moment you shout "It's stable." Even if your hands are itching, you have to hold back! If you really want to make a move, at least wait until Monday to see the true intentions of the big funds before acting.

In the market, patience is more valuable than impulse.