Recently, I’ve been paying attention to an interesting phenomenon. Industry veterans suggest that we might be on the eve of the start of a major crypto market cycle. This judgment is worth considering.

Why do I say that? First, let’s look at the movements of key figures. An institutional founder who controls 182,000 ETH has always been precise in market judgment. Recently, he has also emphasized the critical point of a super cycle. The opinions of such deep industry participants reflect a gradually forming market consensus.

Even more interesting are the macro signals. Gold just broke through $4,630.21, setting a new all-time high. Meanwhile, under the current US policy orientation, global liquidity expectations continue to rise—major global stock markets are generally in a bull phase, with China, the US, and South Korea all trending upward. What does this mean? A large amount of capital is currently concentrated in stocks and precious metals, but this allocation pattern is often not permanent.

From historical patterns, when traditional assets (stocks, gold) have already experienced significant gains and growth potential is relatively limited, some institutional funds will start seeking new growth points. The high risk and high return characteristics of the crypto market make it attractive for large profits already made. This time window may be closer than we think.

Of course, not everyone is heavily invested in crypto assets right now. But if you observe changes in liquidity and the evolution of capital allocation trends, this data combination is indeed worth paying close attention to. Early participants usually seize the opportunity of this transition—later entrants often have to pay a higher cost.