Bitcoin is back to 93,000, BCH has also been performing pretty strongly lately, and WLFI has stayed steady even after the pump. But honestly, Ethereum has really been underperforming this round—compared to the US stock market rally and the overall market environment, ETH is clearly not keeping up.

The good news is that after the SEC switched to a crypto-friendly head, the Federal Reserve has now also confirmed its new chair, making policies increasingly clear. Looking back at the past two months of bear market, it was actually the result of multiple factors resonating: the crash on October 11 directly drained market liquidity, plus the four-year cycle adjustment, Japan’s unexpected rate hike, the US government shutdown drama... all these negative events stacked together were definitely tough.

But now the situation is different, and most of these bearish factors have basically been digested. Next, with rate cut expectations on the table and regulatory policies turning friendly, with this double boost, I think the market could really take off. In investing, sometimes you need to be quick-witted, but most of the time you need to be able to stay calm.