#Gate廣場發帖領五萬美金紅包 The Next Stop in the Cryptocurrency Market: From "Faith-Driven" to "Value Reversion"
Bitcoin has halved from its peak of $126,000 to around $60,000, and Ethereum has fallen below $2,000, with market sentiment hitting a freezing point. But this adjustment is different from any previous bear market — we are witnessing the deepest transformation in the crypto market: from "faith-driven" to "value reversion."
Old Narratives Are Failing
The narrative of "digital gold" has been shaken. Over the past year, Bitcoin has not broken out on its own but has become highly correlated with t