#数字资产市场洞察 Is the 2025 crypto market really playing out according to your script?🔄 Honestly, many people are a bit confused right now — despite continuous positive signals, why isn’t the market gaining momentum? It feels like the big bull market should have arrived already, but it’s just circling in place. Take a closer look at this year’s trend, and you’ll notice the pattern has actually changed. A few key moments in 2025: • Early in the year: Policy expectations and Federal Reserve easing signals soared, pushing Bitcoin up to $100,000 in one go. • Mid-year setbacks: Trade policy adjustments combined with a slowdown in rate cuts, leading to a market correction. • Later rebound: Several favorable policies were implemented, along with signals of rate cuts in September, causing Bitcoin to break through the $120,000 mark twice in August and October. • Now: During a data vacuum, the market is starting to worry about the "recession and rate cuts" narrative, with enthusiasm cooling off significantly, and Bitcoin oscillating at high levels. The biggest issue now isn’t the lack of positive signals, but the absence of a unified, strong main narrative to connect everything. On-chain data also confirms this — active Bitcoin addresses have fallen to a new cycle low, indicating that actual activity on the network is weakening. This is no longer a crazy FOMO bull market, but a complex situation reshaped by macro, geopolitical, and institutional factors intertwined. In such a market, maybe it’s time to change your approach: instead of waiting for that inevitable surge that will change your fate, look for those things that continue to generate value regardless of the overall trend. These "certainty" assets may not make you rich overnight, but in the long run, they are often the assets that can truly withstand cycles.

#数字资产市场洞察 Observe an interesting phenomenon: recently, the market's dominance is gradually shifting from Bitcoin to Ethereum. Data shows that the amount of coins held on exchanges is continuously decreasing, while institutional funds are flowing in steadily, creating a quite favorable fundamental environment for Ethereum. According to the rhythm of past bull markets, this stage is usually the beginning of the second half. When leading assets like Ethereum start to outperform, they often drive the entire high-risk asset sector to rally. Honestly, the Meme coin sector needs to seize this opportunity, and the time window is actually right in front of us. $ETH $ZEC $DOGE 's performance is worth ongoing attention. What do you all think about this rotation? Let’s discuss your thoughts.