#比特币价格走势 When I saw this message, I became a bit alert—Bitcoin dropped from 126,000 to 90,000, a nearly 25% decline, yet people are saying it's "obviously undervalued," which sounds a bit suspicious.

Let's carefully analyze the logic: USD depreciation, Federal Reserve rate cuts, geopolitical tensions—these indeed can boost the safe-haven demand for gold and silver. Gold has risen by 20%, silver by 64%, the data is clear. But the problem is— the rise in precious metals actually indicates that the market is leaning towards traditional safe-haven assets rather than risk assets.

The truth about Bitcoin's lag might be more complicated than just "being undervalued." Institutions now trust gold, a safe-haven asset validated over thousands of years, more than they trust their own digital assets still proving themselves. With Trump signaling rate cuts and the dollar weakening, there's a lot of talk about dollar decline—this is actually a time to be more cautious. Such positive news often signals the main players are offloading, creating a false impression of "bottoming out" for retail investors.

My advice is, instead of chasing the idea of "obvious undervaluation," observe a more realistic signal: when Bitcoin can rise alongside the big surge in precious metals, rather than lag behind—that will be the true return of risk appetite. The current undervaluation might just be a valuation trap; don't let FOMO blind you. Living longer is more important than making quick money.