#Gate13周年Dr.Han公开信 DeFi suddenly surges? This is not accidental; it's capital "testing the waters"!

When the DeFi sector suddenly rises by 5%, many people think:
Is a new round of market trend starting?
But the more realistic situation is—
Capital is probing.
Why choose DeFi?
Because it is most sensitive to liquidity.
Once the market feels "risk is decreasing," funds will preferentially flow into highly elastic sectors.
It's like testing water temperature:
First dip a toe.
So what is the core of the Iran issue?
It's not the protocol, but "stability expectations."
As long as the market believes the situation won't worsen, it will continue to test the upward trend.
Where is the ceiling?
In the short term, look at emotional limits; in the medium term, look at the sustainability of capital.
The biggest current problem is:
Is the capital short-term or long-term?
Investment suggestions:
✔ Highly elastic (DeFi): participate with small positions
✔ Stable assets: keep the core holdings
✔ Energy: do not chase highs
To sum up:
DeFi is rising not because it is the strongest, but because it is "most sensitive." #加密市场回升