Bitcoin just oscillated around $92,400, with a four-hour chart showing a sea of green. The nearly 1,000-point increase indeed stirs many to act. However, beneath this surface prosperity of the current rally, there are several signals worth cautioning about.

First, let's look at the technical aspect. The short-term chart shows signs of being somewhat bloated, with selling pressure gradually building up. After such a rapid price surge, profit-taking is likely, especially in the absence of fundamental support.

More tricky is the news side. A major piece of information has just surfaced — Venezuela, this country, may hold over $60 billion worth of Bitcoin and USDT reserves. Yes, you read that right, over $60 billion. This isn't the holdings of a single institution but a national-level asset.

Where does this come from? The story begins in 2018. To counter U.S. sanctions, Venezuela started exchanging gold for USD, then using USDT received from oil sales to buy Bitcoin. After years of accumulation, they reportedly hold over 660,000 Bitcoins. The existence of this reserve is itself a mystery, but even more frightening is the potential market impact it could bring.

The current concern is that this massive asset is like a sword hanging over the head. If, due to geopolitical changes or other reasons, these Bitcoins are forced to flood the market, how terrifying would the selling pressure be? Even if the inflow is just speculation, the cautious attitude of large funds is enough to alter the market rhythm.

Such uncertainties, appearing at current high prices, indeed add chips to the bearish camp. In the short term, the risk of a correction is increasing.