AI US stocks, relying on a productivity revolution at the level of human technological history, have the strongest performance support, becoming a safe haven for global funds in the era of stock. Now the market consensus is very realistic: "Don't release the hawk until you see the rabbit." Before macro liquidity fully turns (such as a significant interest rate cut or restarting QE), it is difficult for the crypto market to see a broad bull market; most likely, there will still be partial structural opportunities and extreme MEME speculation.