Recently, many retail investors in the crypto world have been opening accounts to trade U.S. stocks. Seeing the good performance of the U.S. stock market, they have cut losses and withdrawn funds to speculate in U.S. stocks. This reminds me of September 2024, when the A-share market index rose sharply by 30%. At that time, many retail investors in the crypto world also withdrew funds to speculate in A-shares, ultimately buying at high positions, cutting losses in the crypto world, and then experiencing a small alt season. It seems this script is about to repeat itself. Many people do not understand the truth of investing and always like to flock to crowded places to join the fun. These people are the liquidity of the investment market. There’s a tradition among market manipulators in the crypto world to occasionally let things go downhill for a while. Once those fair-weather investors transfer their money to the stock market, Bitcoin will start with three bullish belt holds to change their views, making them miss out and regret. Altcoins will drop to the extreme before pumping several times to lure these people back to chase the price at high positions.