The recent market situation, to put it simply, is one word: grinding.

Prices are moving sideways, looking unchanged,
but small funds have already been "washed" back and forth quite intensely,
whereas large funds show no obvious signs of retreat.

On the surface, there's a balance between bulls and bears,
but a closer look reveals—
the bears are pressing harder, actually defending rather than attacking.

There's also a very key detail:
The average cost on the 3-day moving average is gradually rising,
what does this indicate?
The bottom is slowly moving upward.

This situation won't last forever,
once the direction is chosen,
the volatility will definitely not be small.

Personally, I lean more towards a bullish outlook:
It doesn't look like distribution now,
more like quietly accumulating strength, waiting for a trigger point.

Looking at Ethereum,
it has been suppressing Bitcoin's exchange rate for a long time,
as long as Bitcoin stays stable,
the probability of a rebound is high.

Finally, to be honest:
The hardest times are often just before the market is about to turn.

Don't lose patience in the grinding,
opportunities are often just one step away. #OpenAI发布GPT-5.5 #Gate13周年现场直击 #加密市场行情震荡 $BTC $GT $ETH