Behind the recent continuous rally, it actually reflects a cyclical recovery in the market. It seems to have no fundamental support and is simply a rise— but this is actually quite normal in the crypto world.

Interestingly, this rally has not even approached historical records. The once legendary consecutive bullish days now seem to have become an insurmountable legend.

Last year's skeptical voices were right; the crypto market has indeed entered a new major cycle. However, the explosive speed of this cycle often achieves in three months what would take other markets several times longer to accomplish. From BTC's steady upward trend, ETH's active ecosystem, to the participation of new assets like LDO, the market's vitality is gradually being unleashed.

This is not baseless hype, but the power of the cycle itself.