#数字货币市场回升 Recently, the cryptocurrency market has experienced significant volatility, leaving many investors confused about the market direction. As an observer who has gone through multiple bull and bear cycles, I would like to share a perspective: market fluctuations and corrections are actually a normal phenomenon of a bull run and should not be disturbed by short-term volatility. The following five key signals indicate that the current bull run trend has not yet ended.

First, market liquidity is set to improve. Next week, the quantitative tightening policy is likely to be officially paused, which means that market funds will increase. The enhancement of liquidity provides a foundation for the rise of risk assets, and the encryption market will naturally benefit from this, constituting the basic conditions for the continuation of the bull run.

Secondly, the regulatory environment has hit rock bottom. After the CZ incident, which sparked widespread discussion, the regulatory uncertainty in the encryption industry has significantly decreased, and the current regulatory intensity is at a historical low. The controllable regulatory risks have emboldened new capital to enter the market, and the market is no longer overly influenced by negative policy news.

Third, the interest rate cut cycle is about to arrive. The Federal Reserve meeting on October 30 is likely to release signals for an interest rate cut. Once the interest rate cuts begin, the loose monetary policy will encourage investors to allocate funds to high-risk assets, which is significantly beneficial for the encryption market.

Fourth, the risk aversion sentiment is weakening. Gold prices have recently started to pull back, indicating that market risk appetite is on the rise—investors are no longer seeking only safety but are willing to take on more risks, which suggests that funds will flow back into encryption currencies and the stock market, and the risk appetite required by the market is recovering.

Fifth, institutional investors are quietly positioning themselves. Recently, the number of call options for crypto-related assets like CRCL and COIN has suddenly increased in the late trading session, clearly indicating that professional institutions are preparing in advance. The flow of funds from these institutions is often an important indicator of future market trends.

However, even in a bull run, investors should act with caution: focusing on mainstream currencies like BTC and ETH will be more stable; no matter how optimistic you are about the market, do not invest essential living funds, and always maintain reasonable position control and risk management. A bull run is never a smooth upward trend, and keeping patience is the only way to truly enjoy the market dividends.