Recently, the precious metals market remains hot. On the evening of December 23, Spot silver surged strongly, breaking through the 70 USD/ounce mark and setting a new historical record. The domestic Shanghai silver futures market maker contract also did not back down, with a rise of more than 3%, closing at 16978 CNY/k, setting a new high as well.

Let's look at the performance report for the year—it’s interesting to note that the silver price has risen by more than 120% this year. In the same scale, Bitcoin's performance this year appears a bit lackluster and is actually in a loss. What does this contrast indicate? The profit-making effect in the crypto space is indeed declining. Where the hot money flows, the market follows, and the current situation is evident.