#比特币市场动态 Recently flooded by this article, I finally understand why Bitcoin's price is so "capricious"! 🤔

After reviewing five rounds of policy storms, I found an interesting pattern — each time regulation hits, the market first dips, but it has never been truly crushed. In 2013, it fell to $755; after the 2017 ICO ban, it dropped to $3,000. It looked scary, but what happened next? It all rebounded even more fiercely.

What shocked me the most was during the 2021 wave, when domestic miners were directly "power cut," which felt like the harshest blow. Yet Bitcoin stubbornly held up, and with global capital support, it hit a new high of $68,000 in November. What does this tell us? — Bitcoin is no longer a game dominated by domestic funds. Wall Street ETFs, institutions, and global retail investors are the real drivers now.

Recently, this wave of risk warnings has targeted stablecoins and RWA, so it seems like another round is coming. But this time, it feels a bit different — USDT is trading at a discount, and many are rushing to convert back to fiat. Is this genuine panic or just the prelude to the "all clear" after bad news? History shows that the long-term effects of policies are indeed weakening. Could this be another test before the next market surge?

Can any experts explain to newcomers why policies always hit at market highs? Is this precise regulation timing, or just a coincidence? 🤨