Recently, there have been many news developments, so let's organize our thoughts. The night before last, Trump signed a pardon, and CZ officially underwent an 'identity cleansing', allowing him to rejoin the decision-making team at Binance. This signifies a landmark turning point for the cryptocurrency industry: the giants are no longer nailed to the pillar of shame but are being reintegrated into the American system and re-empowered. However, it is important to note that the regulatory agreements at the corporate level are still in place, and Binance must continue to operate under the watchful eye of the Department of Justice. This effectively gives institutions a sense of security, as regulation is not abandonment but rather a means to operate freely within a compliance framework.

More crucially, US-China trade negotiations are beginning to warm up. This time, it's not just talk; there are substantive concessions and exchanges of bargaining chips: India, Japan, and South Korea are all beginning to soften their positions. Trump's tax increase strategy has reached its limits, and the next step is to collaborate on repairing the supply chain and preparing for future confrontations. The market is transitioning from an 'extreme pressure mode' to a 'negotiation easing mode', which means risk premiums are decreasing, and liquidity is flowing back into the asset markets from safe havens.

For us, this combination of pardons and negotiations essentially signals that the regulatory bottom has been established, and policies are beginning to revert. Once it is confirmed that CZ returns to Binance and promotes the expansion of ETFs and futures, that will mark the starting point of the next major upward wave. Therefore, the strategy is clear: treat the current volatility as a consolidation phase rather than an apocalyptic sentiment, accumulate core assets during pullbacks, and wait for the policy dividends to ignite the main upward trend. #CPI数据来袭 #巨鲸动向 #CZ #BTC #bnb