Last night, many people placed bottom-fishing orders, and when they checked the market this morning — it was surprisingly flat, which could mean anything might happen.

**Two huge forces are at odds**

On one side, the Bank of Japan is gradually raising interest rates. It took four years of inflation to finally move, clearly driven by market pressure. The yen’s cheap advantage is fading, and the "water tap" of arbitrage funds is gradually tightening.

On the other side, major US investment banks are entering the crypto market. Giants like Goldman Sachs and JPMorgan have already started, with institutional funds pouring in continuously. The current strange sideways movement is actually a tug-of-war between these two forces.

**Different cryptocurrencies’ fates are diverging sharply**

Institutional money is mainly flowing into Bitcoin, while altcoins are not so lucky. Liquidity will shrink significantly, volatility will be amplified, and risk levels will rise sharply. Before these two forces determine a winner, frequent chasing and selling is like sending heads to the slaughter.

**A more certain asset allocation is needed**

In this top-level game, the smartest move for ordinary investors is to shift part of their risk exposure into more stable assets. Finding a safe haven with certainty is more realistic than betting on directions. Decentralized over-collateralized stablecoins (with collateral ratios over 130%) are unaffected by central bank policies and can effectively lock in value during market volatility, acting like holding "hard currency bullets." Once the direction is clear, you can strike quickly.

Instead of blindly holding coins, it’s better to convert some high-risk altcoins into safer store-of-value tools first. When taking profits, at least reserve 20% to convert into stable assets. Meanwhile, let this portion of assets generate yields in DeFi, which can both hedge against volatility and make idle capital work.