#美SEC促进加密资产创新监管框架 Recently, there have been so many bullish signals in the market that you can't even count them all. Just pick a few at random and you can see what kind of trend is brewing.

Let's start with the macro side. The Fed stopping QT means no more balance sheet reduction, so market liquidity is loosening up, and naturally, more money flows into risk assets. Plus, with Hassett possibly becoming the next Fed Chair—his policies are relatively dovish, which is a positive expectation for the crypto market.

Now let's look at capital flows. BlackRock's Bitcoin spot ETF (IBIT) has surpassed the S&P 500 ETF in trading volume. That's a strong signal—traditional institutional money is shifting to crypto in a big way. Bitcoin reclaiming the $90,000 level is itself the most direct indicator of confidence.

Tech and regulatory fronts are also cooperating. Ethereum's Fusaka upgrade has improved network scalability, making the infrastructure stronger; on the SEC side, they're starting to push forward with tokenization, shifting their regulatory stance from suppression to support—a critical turning point for industry certainty.

You can also see the sentiment from individual coin surges. SAPIEN soared 53% in a single day to a new all-time high, SUI jumped 20% after breaking through technical resistance. Once these profit effects spread, retail sentiment is easily ignited.

Additionally, during the US Treasury bond turmoil, Musk openly endorsed Bitcoin, and that kind of backing from a big name has a significant psychological effect on the market.

Put all these signals together and the market's temperature is already rising. As for whether it can be sustained, it still depends on whether follow-up capital keeps coming in.