#策略性加码BTC Bitcoin is once again playing the "oscillating jump"—the rope between bulls and bears is pulled so tight.

The price is like being trapped in an elevator—going neither up nor down, still dreaming of a "surge."

This round of market movement, frankly, is all about "policy winds blowing whichever way—crypto prices drift accordingly." Bitcoin fluctuates around $92,000, with bulls and bears both red-faced from pulling, yet the market remains dead still.

The on-chain story is quite interesting: over $100 million in long positions were wiped out overnight, only to see a major institution’s cold wallet quietly transferring coins to exchanges. It’s like—signing a "waiver" on one hand, while secretly preparing to flip the card.

Market participants’ inner monologue at this moment:

"Up! "—when approaching $95,000.

"Should I run now?"—at the moment of turning downward.

"I knew it would come back."—lying again at $92,000.

If this keeps up, the holder’s emotional curve jumps more than the K-line. Institutional funds are flowing in and out, investors say "I’m done," but can’t stop their fingers from trading.

Those using 50 to 100x leverage are now sitting on the "cliff" at $89,000–$90,500—every price fluctuation requires deep breaths, and whether they get out or get liquidated depends entirely on luck.

Options market is also a stage for plot twists, with market makers filling risk warnings above $95,000. Once broken through, they’ll need to urgently cover their shorts, possibly staging a "buy-up" frenzy.