#加密货币市场波动分析 Seeing the recent increase in Bitcoin's volatility, I conducted some analysis. From the data, trading volume was relatively low but volatility was high during Thanksgiving, and this phenomenon is usually not considered a signal of a long-term trend. Combining macro liquidity and capital flow data, the current market still appears weak, and this short-term volatility seems more like "noise" rather than a substantive change.

As for Michael Saylor equating volatility with vitality, I remain cautious about this view. While a certain degree of volatility does reflect market activity, excessive volatility can also increase risk. Investors need to treat this claim with caution and should not blindly chase short-term volatility.

From an on-chain data analysis perspective, I recommend focusing on the capital flows of large addresses and smart contract interactions, as these indicators may reflect the real market trends better than price fluctuations. Overall, in the current environment, staying calm and controlling risk exposure may be a wiser strategy.