Why did Bitcoin fall into Nasdaq? The altcoin “middle ground” is being marginalized

In the early morning of February 4, 2026, Bitcoin fluctuated violently within 3 hours, and the entire network liquidated more than 700 million US dollars. Why did the once “digital gold” behave more like a risk asset than Nasdaq during the macro storm? This is not only a plunge, but also a complete reconstruction of investment logic. This video takes you through the two core concepts of "cycle folding" and "dumbbell effect" to understand the new rules of the encryption market. When humans are panicking and cutting off their flesh, machines are harvesting everything through algorithms... 🔖 **Chapter Overview**: 00:00 Early morning shock: Why did Bitcoin fall into "Nasdaq"? 01:17 Core concept: What is "cycle folding"? 03:47 Engine analysis: The resonance of AI, leverage and passive funds 07:00 Market differentiation: The "dumbbell effect" of altcoins is also a dead end 08:35 Subversive perception: RWA may not be a benefit, but a competitor 09:47 Future survival guide: How to make money in the era of machine gaming? #Bitcoin#Cryptocurrency#Investment Strategy#Cycle Folding#NASDAQ#Smart Contract#AI Trading