#美联储降息 The Federal Reserve's successive easing policies have begun to loosen market liquidity. In this environment, small-cap coins often experience astonishing gains — this is what people commonly refer to as the "Shanzhai season."

Currently, the main narratives are stable for $BTC and $ETH, but the true breakout opportunities are often hidden in undervalued projects. Once policy and market sentiment align, there have been cases of multiple-fold increases or even soaring to ten thousand times.

The challenge is how to find and seize those opportunities amid the abundance of options. It requires both fundamental judgment and a bit of luck. Ecosystem tokens like $BNB can provide relatively certainty, but truly excess returns often come from earlier-stage, less popular options.

The key is not to go all-in, because the Shanzhai season also means amplified volatility and risk. Your risk tolerance determines how you participate.