Recently, there's a topic worth discussing—will 2026 usher in a double bull market in both the crypto world and the stock market?

Looking at the recent performance of the A-shares, the market on the 12th indeed gave us many signals. The Shanghai Composite Index rose over 1% in a single day, hitting a "17 consecutive days of gains" streak. The Shenzhen Component Index and the ChiNext Index increased by 1.75% and 1.82%, respectively. Even more impressive was the trading volume—3.64 trillion yuan, directly surpassing the previous record of 34,549.33 billion yuan set in October 2024, marking a new all-time high. Over 4,100 stocks rose that day, indicating high market participation.

This comprehensive rally, combined with the breakout in trading volume, clearly signals that the attractiveness of risk assets is on the rise. The trends in traditional markets and digital assets often resonate; when major asset classes are optimistic, the double bull market scenario in 2026 doesn't seem entirely improbable. Of course, it ultimately depends on how policies, macroeconomic factors, and market sentiment unfold.