The balance of global liquidity is at a very delicate moment.

On the surface, the Fear and Greed Index is only at 34, and the market is shrouded in a heavy atmosphere of fear. But this is precisely the most intense moment in macro battles. Barclays' latest forecast for the 2026 Federal Reserve policy hints at a signal — the rate cut cycle may arrive earlier, bringing a glimmer of warmth to the current winter.

The current market trend is extremely divided. On one side, whales are疯狂ly absorbing 800 Bitcoin on Bitfinex, while on the other side, Ethereum short positions worth millions of dollars are continuously increasing. Such extreme divergence often signals the breaking point of a major trend.

In such volatility, assets that can truly survive must be resilient — able to find opportunities at the edge of liquidity exhaustion. Short-term panic can crush confidence, but the real test is still to come. After next week's non-farm payroll data release, how will liquidity return? That will be the critical moment to determine victory or defeat.

Don't be fooled by the noise in front of you; the power to choose at this position is much more important than you think.