Recent research data as of #加密市场回调 indicates that although Bitcoin and Ethereum have slightly retraced, in the long term, due to a new round of liquidity release in the United States, risk assets such as cryptocurrencies still have growth momentum, and the market is expected to continue until 2026.

The current situation is very similar to the early stages of past bull markets, with favorable funding structures and credit environments, a sharp increase in the scale of money market funds, and continuous corporate buybacks. Moreover, volatility is low, with funds continuously flowing into U.S. stocks and cryptocurrency ETFs.

Additionally, with credit recovery and inflation trending back towards target ranges, the fiscal side is also injecting liquidity. Various signs indicate that a new wave is coming.