Policy fluctuations trigger "TACO trading", institutions increase their holdings of Bitcoin, and the Ethereum ecosystem rises strongly.

The global financial markets have recently been influenced by fluctuating policies, resulting in a unique volatility pattern. The market even coined the term "TACO trading" to describe the phenomenon of market declines following policy announcements, followed by rebounds due to policy easing. Last Friday, the market fell due to tariff threats, but just two days later, it rebounded because of a delay in the agreement. Analysts point out that this back-and-forth has become the norm, and investors should maintain rational expectations. On Tuesday, the U.S. stock market reacted positively, with all three major indices rising collectively.

The cryptocurrency sector is also influenced by political factors. There is a view that cryptocurrencies have mutated from technological idealism into political tools. In contrast, some regions seek to balance innovation and regulation by formulating relevant policies, establishing themselves as rule-makers in the digital finance era.

The Bitcoin market shows mature characteristics dominated by institutions. Although the price is consolidating in the range of $107,000 to $110,000, listed companies have recently concentrated on increasing their holdings by over 8,800 BTC. Several institutions continue to be optimistic about Bitcoin's prospects at industry conferences. A certain political figure not only supports related legislation, but their group has also announced the launch of a $2.5 billion Bitcoin reserve plan. Analysis reports indicate that BTC currently exhibits trading characteristics more closely related to global liquidity. Analysts warn that while the long-term structure remains bullish, stagnant network capital inflows and high SOPR indicators suggest short-term correction risks, with $114,000 becoming a key resistance level.

The Ethereum ecosystem is showing a strong upward trend. A research institution has leveraged its position to increase its ETH holdings to 133,600 coins, with a market value of approximately $358 million, indicating a firm optimism for the future of Ethereum and its ecosystem assets. Meanwhile, a gaming company, after securing $425 million in financing, announced that it will use ETH as its main reserve asset, leading to a nearly 500% surge in its stock price in a single day. Although some analysts predict that Solana may underperform Ethereum in the short term, they acknowledge its potential in specific scenarios in the long run, expecting SOL to rise to $275 by the end of the year.

In the altcoin market, industry insiders believe that the traditional "altcoin season" era is hard to replicate, and the next round of market growth will be led by projects with solid fundamentals, well-designed token economies, and practical applications. A certain fund has added an artificial intelligence crypto asset sector, which has seen a fourfold increase in market capitalization compared to last year, reaching $21 billion. In terms of project dynamics, recently new projects have driven related ecosystem tokens to rise over 30%; a certain DEX has launched an asset recovery plan, and related tokens have also risen accordingly this morning.