A company's earnings report actually caused Bitcoin to surge by 8%?

Bitcoin, which was hovering around $64,000 yesterday morning, suddenly broke through $69,000 and approached the $70,000 mark as if it had been injected with adrenaline. And the trigger for all this was actually a financial report from CRCL.
35%, that was CRCL's gain yesterday. 8%, that was the increase Bitcoin followed with.
Honestly, when I first saw this data, I was stunned. Can a financial report have such power?
But thinking carefully, the message behind it is even more frightening: How fragile has the crypto market become? A quarterly performance from a traditional company can make the world's largest cryptocurrency dance.
What does this mean? It means that Bitcoin is no longer that "digital gold"; it’s more like an emotion amplifier.
Just look at the trading data: trading volume skyrocketed, but turnover rate declined. What does that mean? It indicates that most people are on the sidelines, and only a small group is truly driving the price.
The market is like this now: short on money, even shorter on confidence.
CRCL’s earnings report looks good, but did it change the regulatory environment for cryptocurrencies? No. Did it increase market liquidity? No. It simply gave the market an excuse to rise.
This kind of rise, frankly, is just bottom-fishing capital betting on a sentiment reversal. But emotions come and go quickly.
What really worries me is: if a financial report can make Bitcoin rise 8%, what about the next bad report? The next negative news?
The current crypto market is like a startled bird; any gust of wind can trigger violent fluctuations. This sensitivity is both an opportunity and a trap.
For those preparing to enter the market, I just want to say: don’t be blinded by today’s 8%. This might just be a technical rebound in a bear market, not the start of a bull market.
The market won’t change its trend because of a financial report, but it will expose its fragility through one.
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