Recently, there is an important development to watch: Russia's largest bank Sberbank (which controls over 1/4 of Russian banking assets) plans to launch a crypto asset-backed loan service. This is not a small move; it signifies that traditional financial institutions are officially extending an olive branch to the crypto market. What impact might this cross-sector collaboration bring? On one hand, it breaks down the barriers between crypto assets and traditional credit, and on the other hand, it will gradually reshape market liquidity and compliance expectations. In the short term, this is positive news that can boost market sentiment; in the long term, it will accelerate the industry's compliance process, and assets that do not meet regulatory standards may face pressure. There is a historical reference: Santander Bank previously entered the crypto space, which resulted in diverting some DeFi lending funds while also attracting incremental capital. The move by this major Russian bank is likely to follow a similar logic. The market has already begun forward-looking positioning. As of December 26, Bitcoin is quoted around $88,900 (up 1.38% in 24 hours), and Ethereum is around $2,900 (up 0.93% in 24 hours). Looking at capital flows, BTC and ETH as collateral options are likely to continue receiving attention—they have strong liquidity and meet traditional banking risk control requirements. Local currencies Waves and FEMF may also benefit accordingly. In comparison, anonymous coins (like XMR) and some small-cap tokens may become less popular, with funds gradually shifting toward more compliant and mainstream assets. From an operational perspective, a reasonable approach is to adjust your position structure, increasing the proportion of mainstream coins to 60%-70%, while closely monitoring the latest developments in Russia’s regulatory sandbox. Additionally, keep an eye on policy directions between the Russian Central Bank and the Ministry of Finance, as their differing attitudes can also influence market expectations. This wave of change is indeed reshaping the crypto landscape; the key is whether you can seize this time window.

The major central banks worldwide (excluding Japan) are beginning to loosen their monetary policy. The era of cheap capital is making a comeback, and this is inevitable. Many people, upon hearing this news, first think: flood the market with liquidity, and the spring for small-cap tokens is here? But honestly, this round is completely different from the past. **Where will the money go?** Logically, it makes sense—traditional yields are declining, so funds will inevitably seek higher returns. But the game rules in the market have changed. Institutions have become the true helmsmen; they won't pour large sums into highly risky small-cap tokens. What's their first choice? Assets like Bitcoin, known as "digital gold," and Ethereum, which has an ecosystem and can generate yields. These are now seen by institutions as new "hedging tools." Funds are smarter now and more concentrated. **Why is this round different?** Don't expect a simple replication of the previous bull market with widespread surges. The market has now fully split into three camps: First, institutional channels. Tools like Bitcoin spot ETFs and Ethereum spot ETFs act like massive siphons, directly drawing liquidity from the traditional financial world toward core assets. Second, the logic of real yields. DeFi projects and real-world assets (RWA) that can generate continuous cash flow have become safe harbors for smart money. Third, "story coins" are becoming less popular. Funds are no longer buying into whitepapers and stories but are instead looking for projects with actual products, real users, and genuine revenue. **What’s the next step?** 1. Hold onto Bitcoin and Ethereum—these are your tickets through market cycles. 2. Allocate some funds to discover "new frontiers," especially focusing on Layer2 ecosystems and DeFi infrastructure—areas that are genuinely creating value and attracting institutional attention. 3. Take it slow, don’t rush. Liquidity takes time to transfer from central banks to the crypto markets. Don’t sell all your holdings before the market truly starts to move. In simple terms: the rougher the waves, the sturdier the ship. But more importantly, you need to recognize which projects are future flagships and which are just floating debris. With this round of liquidity injection, do you think the market will see a broad rally, or will only core assets surge? What are you currently focusing on? Feel free to share in the comments.

The backend has recently been flooded with Ethereum-related issues. Most people are struggling: should I cut now or wait? Honestly, these kinds of questions usually reflect a lack of understanding of the current technical structure. Ethereum is quietly forming a "reverse head and shoulders" pattern — it's not a complicated concept; simply put, it involves three lows and a neckline. The left shoulder and head are now clearly in place, and the right shoulder is almost complete. The key point is this: once the price breaks through the neckline (around $3000 resistance level), according to pattern measurement rules, the expected increase is at least equal to the distance from the neckline to the low of the head, which roughly corresponds to $4400. The target I calculated using on-chain data previously matches perfectly, and this is no coincidence. More importantly, on-chain data is supporting this view. Long-term holders' selling has collapsed to 95%, meaning the supply of coins is becoming increasingly scarce. Many people ask me why technical patterns sometimes work well and sometimes don't? Ultimately, it depends on whether the market has sufficient capital support. Currently, the technical analysis and on-chain data are "resonating in sync," which significantly increases the reliability of this trend by 80%. Some are worried about what to do if the price can't break through $3000. That is indeed a question worth considering. But in the context of dual signals resonating, the probability has already tilted clearly.