Market sentiment is becoming clear. Bitcoin has already surpassed $97,850 and is approaching the $100,000 mark. During this period, USD liquidity has expanded, and institutional buying has reached six times the new supply, which is no joke—this is why valuations continue to push upward. Short-term fluctuations may occur due to policy impacts, but judging from the penetration of crypto payments in high-end sectors like private aviation, the market's long-term potential is accelerating.

Let's start with BTC. Its current position is a buildup phase before breaking through, with institutional buying power far exceeding new supply, making it very attractive as a hedge against uncertainties in the US stock market. Buying on dips is a strategy, waiting for that historic breakout.

ETH is currently around $3,318. Continuous buying by BlackRock and inflows into the Beacon Chain support stability, but short-term volatility has narrowed, and trading opportunities are limited. The main approach is to observe for now and act once clear directional signals emerge.

Recently, SOL has been very prominent. The ETP product officially launched on the Nasdaq Stockholm Exchange, significantly lowering the entry barrier for institutions. On-chain activity remains active. Although tariff policy expectations may lead to a pullback, from a long-term perspective, holding is recommended, and reassessment can be made above $250.

BNB offers stable arbitrage opportunities. The cross-platform funding rate difference is still there, with some leading exchanges approaching 0%, making this spread worth exploiting.