The three major U.S. stock indices soared together last night! This broad rally at the open reveals that the market's expectations for Fed rate cuts are still alive, and sooner or later, traditional capital's risk appetite will spill over into the crypto space.



The BTC daily chart is entangled at the tail end of a triangle pattern, while on-chain data shows that whale addresses are quietly accumulating—this scene feels familiar, just like in December 2020 before it broke its previous all-time high, as if gearing up for a big move.

But on the other hand: when even the ladies at the local market start asking how to buy coins, it's time for you to consider pulling out. Signs of an overheated market are often hidden in the most inconspicuous places.
BTC-2.44%
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SerumSquirrelvip
· 12-09 22:01
Whales are accumulating, and the US stock market is showing off. I’ve seen this pattern before... Auntie hasn’t asked me how to buy yet, so let’s wait a bit.
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AirdropHunterXMvip
· 12-09 21:59
I feel reassured when whales quietly increase their positions... I'm just afraid that I'll wake up to another round of being trapped.
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BearMarketSurvivorvip
· 12-09 21:44
Even the aunties are asking, it's really time to run. This time is different.
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FlashLoanLordvip
· 12-09 21:41
Oh my, the whales are accumulating again. This pace feels really familiar... Wait, the real danger signal is when the aunties start asking about it.
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SatoshiHeirvip
· 12-09 21:39
On-chain data does speak for itself, but you’re always just looking at the surface. Whale accumulation ≠ market-wide rally. This logic was thoroughly debated by the community back in 2017. --- Warnings about retail investors getting in aren’t anything new. The real question is—who defines “overheated”? It’s worth pointing out that this kind of intuitive judgment is a classic example of fiat mentality. --- LOL, still trying to overlay the 2020 market onto today. The on-chain cycle theory has been debunked so many times, and you’re still talking about déjà vu? --- Expectations of rate cuts spilling over into crypto? It’s obvious you haven’t read the latest macro reports. Based on the following arguments, the shift in risk appetite among traditional capital and its coupling with the BTC cycle is far more complex than you think. --- The whole triangle pattern technical analysis thing is basically just hindsight bias. --- Let me say this: the real signals aren’t coming from the retail crowd, but from subtle changes in institutional positioning. You always focus on the noisiest surface layer. --- This is why retail will always be retail—always waiting for someone else’s signal. --- It’s worth pointing out that rate cut expectations are a false premise in themselves—the Fed hasn’t given any clear signals. The whole premise of the article doesn’t hold up.
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