What is your view on the recent market trends in the crypto space?

Recently, the crypto market has shown signs of stabilization after a period of volatility and downward correction. Bitcoin (BTC) has fallen nearly 50% from its October 2025 high of $126,000 and is currently hovering around $68,000.

After touching a low of $63,000 in February, it rebounded by over 4%. Ethereum (ETH) dropped to the $1,800-$1,900 range, while altcoins like SOL, ADA, and DOGE performed better, with gains of 6-10%. The total market capitalization is about $2.3 trillion, with the Fear & Greed Index at extreme fear (11). Stablecoin supply has decreased by $3 billion, reflecting risk aversion.

Macro factors dominate, including US tariff uncertainties, a strong dollar, and high interest rates, which have triggered institutional ETF redemptions and leverage liquidations, leading to orderly deleveraging rather than full capitulation. Regulatory positives are emerging, with the GENIUS bill passing and the CLARITY bill advancing, providing clearer frameworks and attracting institutional capital.

On the technical side, BTC is testing the $60,000 support level, potentially forming a double bottom pattern. Cycle models indicate 2026 as a liquidity peak, and historical data suggest that extreme fear often signals a bottom. Short-term volatility remains high, but if macro stability persists, BTC could rebound to $90,000-$124,000, pushing total market cap beyond $3 trillion.

Investment directions: prioritize accumulating core assets, with BTC as a safe haven and ETH benefiting from rotation and upgrades. Shift focus to high-potential areas such as real-world assets (RWA), like tokenized bonds, expected to grow from $20 billion to hundreds of billions; DePIN (decentralized physical infrastructure) offering real yields; and AI-crypto crossover projects capturing innovation.

Avoid overheated narratives like NFT/GameFi, and focus on stablecoin infrastructure and perpetual contracts. Risk management: build positions gradually, monitor the $60,000 support, and maintain a long-term optimistic outlook driven by institutional growth.

Overall, 2026 is expected to be a mature year, not driven by hype or speculation. Patience is key to deploying quality projects.