#BTC资金流动性 From the real estate era to the stock market era, the wealth landscape in the United States is turning around.

A recent set of data has attracted market attention: the asset allocation of American households is undergoing a deep adjustment—stocks have surpassed real estate for the first time in net asset proportion, marking the second occurrence of such a situation in the past 65 years. Even more astonishing is that the allocation ratio of corporate stocks and mutual funds has broken through 31%, creating a historical high.

What does this mean? Essentially, more and more ordinary investors are changing their perception of wealth appreciation—from passively holding real estate to actively investing in stocks and various risk assets. This not only reflects an increase in the willingness to bear risk but also indicates that the liquidity environment of the entire market has improved.

This signal is worth noting for the cryptocurrency market. When such a level of shift occurs in traditional financial asset allocation, it indicates that a large amount of capital is actively seeking an exit. The stock market has absorbed some of it, but high-volatility, high-potential alternative assets — including the crypto space — may also become a destination for capital outflow. Especially since the 2008 financial crisis, American households have more than doubled their investments in stocks, and this process is essentially investors' ongoing exploration of the "money-making" path.

How do retail investors view this situation? First, don't let the macro narrative cloud your judgment.

True investment wisdom lies in diversified thinking. If you have already allocated stocks or funds, take the time to study the long-term logic of crypto assets and accumulate knowledge with small positions; if you are still observing, it might be better to wait until the market shows a clear direction before intervening.

Investing is ultimately not gambling. Understanding the long cycles, managing expectations well, and maintaining a calm mindset often lead to success for those who are not anxious or hasty.