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Precious metals hit a record high, but Bitcoin has fallen 6% so far this year.
The entire cryptocurrency sector surged 40% before October, but now it is experiencing a significant correction. From our perspective, this decline is essentially a mechanical bear market triggered by excessive leverage—the leveraged positions accumulated in the market led to a chain reaction after liquidation.
However, we believe Bitcoin will rebound in 2026. The current pressure release actually paves the way for subsequent recovery. From historical cycles, such adjustments often contain new opportunities.