#数字资产市场洞察 Recently, this wave of $BTC sideways consolidation, I think there is some behind-the-scenes strategy. A leading platform's derivatives business is making efforts—not only launching Bitcoin and Ethereum futures contracts but also options tools, plus crypto indices and reference rates targeting large institutions, expanding the entire ecosystem. During such times, it is quite common for prices to remain stagnant, possibly waiting for the launch of futures and options. Institutional funds are positioning, retail investors are observing, and short-term volatility is just part of the process. The market is gathering strength, and we'll see how it develops next.