Recently, several phenomena worth pondering. On one hand, bitmine has injected another $340 million this week to purchase ETH, indicating that major institutions remain optimistic about Ethereum's long-term prospects. On the other hand, gold is approaching the 4600 level, seemingly about to hit a new all-time high.

The global economic landscape is undergoing subtle changes. Venezuela's currency crisis is still spilling over, Iran's currency has collapsed, and the Middle East is rapidly issuing stablecoins in response. But there's a problem—USDT isn't as stable as it seems. Ultimately, it's too centralized; Tether could respond to US instructions at any time to freeze specific addresses. From this perspective, the only truly resilient asset is BTC. If you must hold USDT, it's best to know how to mix coins.

From a market perspective, BTC has performed quite strongly in this wave. Multiple corrections haven't broken below the 90,000 mark, and what's more astonishing is that it has held steady even with increased volume. This indicates that buying pressure continues to outpace selling. Once the ETF selling pressure is fully absorbed in this range, the upward space will truly open.

Looking ahead, 2026 is a key year—an election year often accompanied by policy releases. The crypto ecosystem is quite interested in the related political environment, as these years tend to bring some positive stimuli. As long as the stock market doesn't experience a systemic crash, the probability of crypto assets falling below 80,000 is quite low. Currently, although US stocks are volatile, there are no signs of an imminent collapse—tax cuts are set to continue, oil prices are suppressing inflation, and attempts at de-dollarization by other countries are being effectively contained. Turbulence exists, but the resilience of the system remains intact.