Major news has emerged from the market: On the eve of the Federal Reserve Open Market Committee meeting, global asset management giant BlackRock has made a move. According to on-chain data, the institution recently increased its holdings by 16,930 shares of ETH, with the transaction valued at as much as $55 million. At the same time, it also purchased 1,533 shares of BTC, involving approximately $15 million. Some analysts point out that this series of operations may signal a turning point for its balance sheet. Judging from current market sentiment, the entire cryptocurrency sector is showing a positive and optimistic trend. The continued inflow of institutional funds may be building momentum for the next market rally.

#加密货币ETF发展 Recently, I've seen a lot of people discussing whether the four-year crypto cycle is still valid. I think there's no definitive answer to this question. The market structure has indeed changed significantly—factors like the approval of Bitcoin ETFs, accelerated entry of traditional finance, and the AI boom diverting capital are all impacting cyclical patterns. However, human nature and speculative psychology haven't fundamentally changed, so cyclical fluctuations may still exist, just with different amplitude and rhythm. My suggestion is not to get too fixated on cycle theories, but instead to focus on fundamentals and liquidity changes. Right now, buying interest in long-tail assets is indeed weak, but the fundamentals of mainstream assets like BTC and ETH are still improving. For regular investors, the safest strategy is to maintain sufficient cash reserves and gradually build positions in high-quality assets at market lows. Don't chase highs or act impulsively, and don't liquidate your positions too easily—it's important to remain patient and rational. Overall, cycle theory can be a reference, but shouldn't be blindly followed. The key is still to manage risk well and adjust your strategy flexibly according to market changes. After all, in this fast-changing industry, the real path to long-term survival is the ability to adapt and learn.

The ETH/BTC exchange rate has been pretty interesting lately; it looks like the downtrend line is about to be broken. More importantly, the Ethereum ETF has finally started seeing net inflows, and those whale institutions are still increasing their positions. If a rally does happen, there's a good chance Ethereum will lead the way. To be honest, if I can just break even on my ETH holdings, I'll probably turn around and go short. The market is way too one-sided right now—almost everyone is bearish, and there's barely any faith left. This kind of extreme sentiment actually makes me think a turning point might not be far off.