That night, the entire community exploded. LIGHT surged 70% in a single day, SOPH skyrocketed 40%, and even small coins with little fundamentals rose nearly 40%. The screens were flooded with calls like "Bull Market Restart" and "Get Rich Tonight." The atmosphere was incredibly heated.

Interestingly, some veteran traders who have gone through several bull and bear cycles did not follow the trend. Instead, they were doing something that seemed "untimely"—gradually converting the profits they had gained into stable assets like Decentralized USD. Quietly adjusting their positions. No one knew what they were thinking.

This market movement appears to be a frenzy of emotion on the surface, but deep down, it is actually the final sprint of liquidity. On the night the Bank of Japan announced a rate hike, the world's cheapest arbitrage capital sources were tightening. Hot money relying on yen arbitrage began to face forced liquidation pressure.

Smart funds understood this signal. Before liquidity fully recedes, they quickly pushed up small-cap assets, creating strong FOMO (Fear of Missing Out) emotions, and drew in the last batch of late buyers. It looks like a bull market is starting, but in reality, it’s more like the last tumult on the surface of the sea before the storm arrives.

This is why some people, during a rapid rise, choose to allocate to stablecoins. It’s not because they are pessimistic about the market, but because they have a clear understanding of market risks. Once macro expectations become truly clear and liquidity patterns stabilize, they will act accordingly. This is the strategy of those who have experienced multiple cycles. Time will prove who has a longer vision.