The market temperature has recently risen significantly, with BTC breaking through the 90,000 mark, and many people are starting to get restless. But at this moment, it's precisely time to stay calm—don't be blinded by the upward momentum.

From a capital perspective, the main funds are constantly rotating between BTC and ETH, indicating that large investors are carefully selecting targets. Meanwhile, the issuance of stablecoins is expanding, and the capital reservoir is accumulating, which suggests that there could be a bigger market move later, but it's not a signal to go all-in right now.

Expectations for Layerxy's upgrade, continuous inflows into XRP spot ETFs, and the popularity of GameFi and pre-sale projects are all opportunities. The problem is, the bigger the opportunity, the more hidden the risks often are. High-yield projects usually come with high volatility, so you must carefully consider how much loss you can tolerate before participating.

There are no signs of easing in global regulation; instead, regulations are tightening continuously. In the long run, compliance is the bottom line for the survival of this industry. Although the short-term fear index isn't high, the market itself remains fragile—just one big bearish candle can shatter the current optimistic sentiment.

The most practical advice is simple: keep your core holdings stable, use a small portion of flexible funds for swing trading, and never bet everything. Be cautious when others are greedy, and when others are timid, that's when real opportunities arise.