Recently, Bitcoin's movement has been quite interesting.

A few days ago, I thought we were heading for a classic sharp decline, but then it suddenly did a "C-shaped reversal," surging past the 88,000 USDT mark, leaving many onlookers stunned. Even more astonishing is that the 24-hour decline was only 1.79%—normally, this kind of data would be enough to hype up for days.

But here’s a reality check. Many people see the narrowing decline and immediately jump to the conclusion: the bull market is back! Then they rush in to buy the dip. Honestly, don’t bet so quickly. Let’s first clarify the logic behind this wave of market movement.

**The true significance of the 88K level**

This isn’t just a random price point. Being able to hold steady or rebound here indicates that institutional funds are indeed accumulating, not just retail FOMO piling in. This is a positive signal—proof that the market still has confidence. But the problem is, big players are also quite skilled at "pumping up prices to dump," so a rebound alone isn’t enough to confirm a trend reversal.

**Narrowing declines don’t equal trend reversal**

Short-term volatility narrowing is essentially the market taking a breather. It might be influenced by macro sentiment recovery or some positive news, but that’s far from enough to establish a clear directional breakout. Right now, it’s more like a sharpening phase—preparing for the next move—rather than a time to charge forward.

**What to really watch**

Instead of obsessing over daily fluctuations, focus on liquidity and on-chain activity. These indicators can more accurately reflect the market’s strength. Short-term price rebounds can be misleading, but long-term capital flows don’t lie.

The bottom line: stay calm, don’t get carried away by short-term volatility.