#数字资产市场洞察 $BTC $ZEC $ASTER

[Policy Shift + Dual Liquidity Drive, the Crypto Market Landscape is Being Rewritten]

The changes that have occurred in the past two weeks are significant. On one hand, the new policy framework in the United States has completely reversed its attitude towards stablecoins and mining, staking activities—transactions below $200 are tax-exempt, and miners and stakers can also strive for a 5-year tax buffer period. This is not just talk; it is a solid institutional design. From another perspective, the clarity of the rules itself is the biggest benefit, and institutional funds have been waiting for this signal.

Another significant change is happening at the liquidity end. The latest data from the banking system shows that the funding situation is quietly shifting. Historical experience tells us that the early stages of a monetary easing cycle are often the times when asset prices rise the steepest. Large amounts of global capital are looking for an escape route, and the cryptocurrency market has taken center stage.

To put it bluntly: the previous combination of high-pressure policies and monetary tightening left little room for market imagination, but now it has shifted to a friendly policy and liquidity injection. Whether these two forces can resonate depends on the speed of mindset changes among market participants. There will definitely be fluctuations in the short term, but the gears of the larger direction have already started turning.

In practice, the key is to look at three dimensions: the first is the final voting result of Congress on the tax bill; the second is the weekly trend of the Federal Reserve's balance sheet changes; the third is the real movements of leading institutions like BlackRock and Fidelity.

Major opportunities often wait at turning points for those who are well-prepared.