#比特币价格预测 Seeing Garrett Jin's analysis, my first reaction is: this logic has played out multiple times in history.

Do you remember the market rally from 2020 to 2021? Back then, precious metals led the way first, with gold reaching a historic high, followed by a real frenzy in crypto assets. At that time, many mistakenly believed that precious metals were the safest haven, and by the time they realized it, they had already missed the best entry point. This time, the short squeeze pushing precious metals higher essentially reflects the same signal—the market is searching for the safest assets with the strongest liquidity.

The key lies in judging the cycle timing. The rise of industrial precious metals like silver and palladium is indeed hard to sustain because they lack the "scarcity consensus" and global liquidity support that Bitcoin has. Once the short positions are closed and the squeeze ends, these funds face two choices: return to traditional assets or seek new high-yield opportunities. History shows that at this turning point, the crypto market often becomes the destination for capital.

But what needs to be kept calm is that not all funds will flow into Bitcoin and Ethereum. The divergence will be quite clear—large institutional funds tend to favor Bitcoin, while Ethereum is more susceptible to risk appetite. The current price levels, market sentiment, and macro liquidity are the decisive factors. Blindly following the trend often comes at the highest cost.