#加密市场流动性 Looking at this asset review, I feel a bit frustrated. In 2025, Bitcoin underperformed compared to gold and US stocks. On the surface, this seems to be the result of liquidity outflows, but upon closer reflection, it actually reveals a truth we tend to overlook: when market sentiment is high, all assets can rise. However, once the illusion dissipates, the true value carriers will surface.

Having navigated the crypto world for many years, my biggest lesson is not to be blinded by short-term gains. Many people see Bitcoin underperforming and start FOMO chasing gold and US stocks, not realizing that this is exactly the rhythm that manipulators love to see—the cycle of chasing highs and selling lows, ultimately always cutting off retail investors. The true value of Bitcoin isn’t how much it can rise in each wave of the market, but its fundamental role as a cross-cycle liquidity value carrier. When AI marginal efficiency declines and traditional capital liquidity tightens, it can become the preferred safe haven.

Instead of obsessing over the constantly changing rankings, it’s better to ask yourself three questions: Is the fundamental health of this asset still intact? Where is the market sentiment cycle currently? How much drawdown can I tolerate? Clarifying these questions will naturally guide you on how to allocate and how to protect your holdings. There’s no need to rush when others are underperforming.