Why is it especially important to watch the strength of BTC and the US stock market right now? Because the market isn’t lacking funds at the moment—it’s lacking a reason to buy BTC. What’s attracting liquidity the most right now are AI stocks. Recently, even the leading AI stocks in the US market, despite already being at sky-high valuations, can still see 5% daily swings and manage to rally with volume. This shows that the market isn’t short on funds; the funds are just more willing to bet on areas with 'higher certainty.' Google hitting new highs recently is a perfect example. The new Gemini 3 model is crushing other LLMs, and combined with the TPU narrative, it’s carving out its own independent trend. If BTC wants to reverse the bearish downtrend, it needs a clear signal: At some point, BTC must start significantly outperforming the NASDAQ over a sustained period. On the flip side, if BTC continues to underperform the NASDAQ, it means the market still isn’t prioritizing 'buying BTC.' In that case, expecting the price trend to break out of the bear market structure is pure fantasy.