Since large institutional funds have begun to massively enter the market, the logic behind BTC's price movements has quietly changed. This is not an exaggeration; careful observation will reveal the clues.

Looking at recent market trends, it's very obvious—whenever the US stock market is closed on weekends, Bitcoin's volatility immediately compresses. Currently, BTC is stuck in a narrow range between 94,800 and 95,800 USDT, oscillating repeatedly, with intraday fluctuations of less than 1%. The effective trading range for the entire day is less than $500.

Who suffers the most from this? High leverage contract traders. Even if you open positions with 100x or 125x leverage, it's pointless in this kind of market. Without a trend continuation, it's all about repeatedly hitting stop-losses. Many people feel their trading skills have declined, but in reality—it's not true—the market's gameplay has changed.

There's a common saying: "When institutions enter, BTC won't have a bear market." It sounds good, but the real meaning is different. Institutions don't care whether BTC crashes or surges; they want a certain type of market: sideways trading at high levels + slow oscillation + continuous erosion of retail traders' confidence. As long as Bitcoin swings within the big framework of 94,000 to 98,000 USDT, they can keep washing out high-leverage orders, eating away at short-term traders' emotions, and gradually reclaim market liquidity.

So the current situation is: the price looks extremely stable, but the profit-making effect is terrible. This is a more covert form of harvesting than a decline—a slow, bleeding market. If you've been feeling trading is difficult lately...