Bitcoin has turned down from a high of $126,000, correcting by 40%. Is this really a 'technical deep squat', or is the legendary 'four-year halving death curse' back again? Now not only are Asian stocks rising, gold is soaring, and even Musk's xAI has pulled off a massive merger worth $12.5 trillion.

Since the global market is recovering, why isn't money flowing into the crypto circle? In the past two days, the Asian stock market has gone crazy, with the MSCI Asia index posting its largest gain since June last year, led by Samsung and SK Hynix. The logic behind it is simple: the AI frenzy has reignited. Musk just dropped a nuclear bomb, as SpaceX officially announced the merger with xAI to create a trillion-dollar space-based computing engine. It's like discovering that the gold and high-tech farms in the neighboring village are giving out crazy dividends; who would still be stuck in that virtual currency that could 'collapse' at any moment and yields no interest?

Are those who got trapped really still the same group of retail investors? This is a silent harvest specifically targeting wealthy elites. Data shows that buyers entering through ETFs have an average cost of $84,000, while the current price is only around $78,000. This means that the so-called 'smart money' is facing an average paper loss of nearly 10%. It's like you confidently followed the big players to buy top-tier school district properties, but before the house was even built, the surrounding property prices already took a 10% discount. When this group of stable long-term capital discovers that Bitcoin has decoupled from all safe-haven assets, previously it was the dollar weak and geopolitical chaos that drove it up; what about now? It seems to be left in a state of dead silence.

Besides AI, who else is grabbing money? Take a look at Trump's Vault plan, which invests $12 billion to establish a strategic mineral reserve, instantly boosting the rare earth sector.

Have you noticed? Money is flowing into areas that are visible, tangible, and can change productivity. If Bitcoin cannot hold the support level of $74,500, the psychological defense line will collapse. If reaching $120,000 by 2025 relied on a story, now that the story is over and a new catalyst has yet to appear, the market has fallen into a vicious cycle of price drops—buyers watching the show—lower confidence.

If you are looking to make a quick profit and leave, now is definitely not the ideal time to enter. However, for true long-term holders, moments of panic where even Wall Street institutions start to doubt their lives and consider cutting losses often signal a window of relative low points.