Interesting phenomenon: Bitcoin and Ethereum ETFs are continuously outflowing, but Solana and Ripple ETFs are attracting大量资金. It sounds like the market is collapsing, but in reality, funds within the market are making a large-scale switch—from traditional industry leaders to emerging sectors.

Rather than calling it a plunge, it’s better to understand it as the main players taking advantage of the year-end liquidity crunch window to systematically rebalance their portfolios. This is a very common trading tactic.

Looking at overseas policy trends. Japan is already pushing for tax rate reforms on crypto assets, aiming to raise it to 20%, aligning it with stock trading. This kind of supportive policy seems calm on the surface but is actually a long-term positive signal—at least indicating that the official attitude is gradually shifting.

Instead of obsessing over daily account fluctuations, it’s better to broaden your perspective. The real opportunities are often only clear in cycles like 2026.