After a series of bombardments on gold, silver, and other assets, the market hot money finally flowed into the mainstream crypto space.

Bitcoin's performance this round has been quite fierce, directly soaring to the 96k level. Interestingly, Bitcoin has taken the spotlight, while altcoins collectively performed mediocrely, lacking the momentum to follow suit. Ethereum has been oscillating around the 3300 mark, unable to break higher or lower, with a tense bullish and bearish standoff. It all depends on whether it can effectively break through or fall below this critical level next.

The situation with SOL is a bit delicate—its active holdings remain stable, but capital flow is clearly hindered. Recently, the launch of European ETFs has given the market some hope, but overall sentiment remains cautious.

The most eye-catching area is the privacy coins sector. Privacy tokens like DASH, XMR, ZEC, and others have collectively surged, and this wave of gains is clearly not just mindless speculation. Regulatory pressure continues to rise, coupled with frequent anti-corruption news around the world, which has significantly increased the actual demand for privacy protection. This is a fundamentally driven rally, riding the trend with relatively manageable risks.

The Meme coin territory is also showing signs of divergence. A major exchange-related Meme coin surged 45%, while other Chinese-themed Meme coins collectively retreated about 40%, indicating that the market is becoming more selective and no longer rising and falling together.

There are also many positive signals from institutional players. Grayscale's Chainlink Trust ETF has officially launched trading, adding significant weight to Chainlink's story framework. In the short term, the price has found support, but considering the overall cautious atmosphere of the crypto market, any bullish outlook should still be approached with caution.