In the market on January 30, 2026, I really have reason to suspect that someone was long or short on gold and silver, leading to a liquidation and forcing them to sell some cryptocurrencies to cover their positions. The phenomenon of capital siphoning is normal, just like when Bitcoin rises, it attracts funds from altcoins; similarly, when precious metals surge, they attract capital from other assets, causing their prices to fall. If this explanation holds, it makes sense, and if that's the case, I wouldn't be pessimistic about the short-term trend of cryptocurrencies. My only concern is that the overall market might further enter a deep bear market. Currently, Bitcoin has reached the 80,000-point mark, and this level has already formed a technical bear market from the previous peak. The sharp decline from 1011 was also halted at this level, so returning to this point is a very critical test. If this support can hold, it will form a double bottom; otherwise, if it breaks below, there is still room for further decline. Although I hold a significant position myself, objectively speaking, I am also worried about the market continuing to fall. For now, I am only hoping for a rebound after the Spring Festival, and a further bear market remains a possibility. It is worth mentioning that last night, gold experienced a flash crash, but it quickly recovered afterward. This surge in gold has increased concerns about the upcoming global situation. It’s important to note that this rise was likely driven by retail investors buying in, mainly international capital and central banks pushing up the price. In such a scenario, the risk resistance of cryptocurrencies appears weak, especially compared to gold. This time, the value of 'digital gold' will continue to be underestimated.