Bullish (BLSH) surged 143% on its first day of trading in the US IPO, soaring from an issue price of $37 to $90, raising $1.11 billion.

This is impressive; CoinDesk's parent company directly benefits, and the market's enthusiasm for crypto IPOs is skyrocketing.

Combined with the strategic cooperation between Squads and Coinbase on USDC, the adoption of stablecoins is accelerating, with over $1 billion USDC held on Solana.

I believe this wave is a signal for institutional entry, coupled with Trump's interest rate comments and the Federal Reserve's new low in reverse repos, as liquidity loosens, crypto assets are set to take off.

In the future, the probability of ETH reaching its historical high is 75%, with BTC shorts piling up at $1.4 billion; if they get squeezed, the price could soar to $125,000. I suggest reducing leverage to prevent liquidation.