Those who have been watching the crypto market these days should have felt that strange sense of balance. The total market capitalization has increased by over 11.5 billion in one go, BTC is steadily holding around 90k, looking calm on the surface, but undercurrents are surging.

The most perplexing issue is the upcoming unlock events—ONDO is set to release 757M, and SUI has 64M on the way. These supply shocks may seem insignificant, but when market liquidity is already thin, they can become the hand that stirs the pot.

From a market perspective, the story is quite interesting. Institutions are reducing holdings, retail investors are taking over, and during this process, the stablecoin issuance has broken through the 300B mark. This isn’t just speculation; it looks more like genuine demand is accumulating. As for BTC, there’s a key support level at 90.5k in the short term. If it holds, a run to 95k isn’t just a dream. But don’t forget, CPI data will be released on the 13th, and the Fed’s QT is still ongoing. The market is like a slow-cooking soup, and the probability of volatility is quite high.

Altcoins are showing more obvious differentiation. AI tokens and RWA concepts still have some bright spots, but overall, the opportunities and risks coexist. It’s not advisable to go all-in now; it’s better to keep some cool-headedness.

The overall advice is to remain neutral and observe, understand these hidden variables first. The crypto community is also doing many warm-hearted things now—free education, public welfare projects—these efforts make the industry seem less cold. That’s what we should really be paying attention to.