Is the big dump of Bitcoin the end of the bull run? Understand these three points before concluding.

Question

1. Why did Bitcoin suddenly fall?Yesterday, the market just witnessed Bitcoin touch a new high of $105,000, only to quickly fall below $103,000, which is related to two key factors: Positive signals have emerged from the China-U.S. trade negotiations, with funds shifting from safe-haven assets to the stock market.Bitcoin's increase in the last 30 days has exceeded 24%, and there is a short-term demand for technical correction. Just like the surge in gold prices during the Russia-Ukraine conflict last year, now with the enhanced expectations for peace, investors will naturally take profits from gold and Bitcoin to invest in stocks. This "teeter-totter effect" is quite normal in financial markets. 2. On-chain data reveals real signalsIn the first 9 days of May, the US spot ETF inflow was $2 billion (equivalent to buying 34,000 BTC daily).The giant whale Strategy Fund's holdings have exceeded 568,000 coins, accounting for 6% of the circulating supply.The perpetual contract financing rate has reverted to normal levels (previously too high leverage) These data all point to the same fact: institutions are accumulating on dips, rather than withdrawing from the market. A true peak is often accompanied by a nationwide frenzy, not the current "wolf is coming" panic. 3. What should ordinary investors pay the most attention to?Beware of the "either-or" thinking trap.The big rise in U.S. stocks does not equal the collapse of Bitcoin, just as a good sales of ice cream in summer does not mean hot pot restaurants are going out of business. Modern investing emphasizes asset diversification, and Bitcoin has become a standard for risk hedging in the eyes of institutions. Understand the main force's washing plate tricksWhen the market presents simple logic like "Trump's favorable policies boost US stocks, thus negatively affecting Bitcoin," it is often the best time for the main players to wash out positions using news. Remember: every pullback makes the holder structure of Bitcoin healthier. Pay attention to these three long-term indicators- Daily net inflow of Bitcoin ETF in the United States- US Dollar Index trend (strong dollar suppresses risk assets)- Cryptocurrency holdings in the quarterly reports of the top 50 institutions worldwide 4. Is now a good time to change positions?Experienced investors understand a truth: frequently changing positions is the fastest way to incur losses. Those who sold Bitcoin during the stock market circuit breaker in March 2020 missed out on a subsequent 300% increase; those who cut losses on gold during last year's banking crisis can only slap their thighs now as they watch gold prices hit new highs. The market is always repeating the same script: when most people think "this time is different," it is often just an old story packaged differently. Bitcoin has taken 15 years to transform from a geek toy into a major institutional asset, and this trend will not change due to a single day's fluctuations. The real risk has never been the short-term ups and downs of prices, but rather the investment decisions made based on incorrect perceptions.