Recently checked the market, BTC is still stuck around the 90,000 mark, and there was another fake breakout just now. The bulls are obviously a bit exhausted. But interestingly, privacy coins like ZEC are actually quite hot and have become the darlings of this wave. Thinking about this logic, it's actually not hard to understand—sector rotation. Just like in the A-share market, hot topics always take turns being in the spotlight. Not long ago it was the robotics concept, now it's AI. The market works this way, always needing a new narrative to keep the momentum. But frankly, the atmosphere in the altcoin circle has already changed. Instead of genuine investment logic, it's more like a game against the whales—betting on whether you can get in before they exit. Projects like Sapien, which claim to be AI or robotics, had some initial hype, but their narratives are becoming increasingly weak, and the freshness is fading. At this stage, the risk of chasing high is definitely worth caution. Sector rotation is a pattern, but participants' mentality can easily spiral out of control.

Major options expiration alert: Bitcoin and Ethereum derivatives markets are facing a significant deleveraging event today with $2.2 billion in options contracts set to expire. This large-scale expiration could trigger notable price volatility across both assets, creating potential opportunities for active traders monitoring intraday movements and support/resistance levels.