#密码资产动态追踪 Is this wave of big players collectively bullish, really just "faith"?

Listening to Yili Hua talk about "Dawn," and CZ's comment on the "super cycle," the barrage of comments starts flooding in—"The bull is back, brothers getting off the bus, let's go!"

But think carefully, maybe the story isn't that simple.

First, let's face a harsh fact: they themselves admit that we have experienced a full four-year dormancy period. The performance of @ETH@ is even worse than four years ago. If this hits you, it means you've also been repeatedly educated during this cycle. Over these four years, how many retail investors' beliefs have been wiped out? How much persistence has been worn down? But this is precisely the necessary condition for a subsequent rebound—the market needs a sufficiently long period of forgetting, time to nurture a brand new narrative.

Looking at it from another angle, why are the big players speaking out in unison at this moment? The answer may lie in the macro environment. Expectations of interest rate cuts have become an open secret, global liquidity is like a released flood, searching for an outlet everywhere. After stocks and commodities reach their peak gains, where do these profit-taking funds flow? Historical experience tells us that they will inevitably seek markets with the most abundant liquidity and the greatest upward elasticity—our crypto ecosystem just happens to be such a role.

So this is not just a bullish call; fundamentally, it is a form of expectation management. They are saying: "Stop focusing on the scars of the past four years, shift your gaze to the potential returns of the next four years."

How to get the rhythm right?

First, shift from "blindly chasing the rise" to "rational allocation." Instead of just listening to what the big players say, observe where the institutional funds behind them are truly investing. Are those frequently mentioned top projects continuously adding real money?

Second, prepare psychologically. There may still be one last deep shakeout before "dawn." That period is often the harshest test of mentality; unsteady participants will be completely pushed out. Can your current holdings withstand such a test?

Finally, don't be trapped by "FOMO." The real play of the super cycle isn't going all-in on one coin but systematically deploying across the entire track. Just like farmers planting crops, seeds should be sown and harvested in batches—there's no need to rush.

Think more clearly: the biggest risk often doesn't come from price fluctuations but from turning away when the historical turning point appears—because of old wounds from the past era—that's true loss.

So ask yourself—are the big players' collective voices this time genuine or carefully orchestrated? The answer may determine every decision you make next.