#数字资产市场动态 Recently, I’ve been keeping an eye on the market, and what I can feel overall is—divergence.

Assets like $BTC and $ETH are oscillating back and forth, basically no clear direction found. Volatility has calmed down significantly compared to the crazy period of 2021, and it feels like the market is waiting for some signal. On the other hand, concept coins like AI, DePIN, and RWA have surged in the short term, but they burst as soon as you poke them—liquidity simply isn’t enough to support them.

The funding situation is a bit uncomfortable right now. The Federal Reserve maintaining high interest rates without easing up directly affects the enthusiasm for risk assets, and everyone is on the sidelines. What’s more painful is that the actual inflow of funds is concentrated in a few star projects, while trading volumes of other altcoins have dried up.

From a technical perspective, $BTC is currently wobbling at a critical level. The resistance is stuck around the psychological threshold of $68,000–$70,000, while the support level is at $60,000. If it truly breaks below $60,000, it might test the $55,000–$58,000 range. On-chain data shows that long-term holders (HODLers) are still holding steady, but short-term selling pressure is coming from exchanges and miners.

In other words, it’s a waiting game now—waiting for the funding environment to loosen up, waiting for a clear trend to emerge. Holders keep their positions, and those on the sidelines wait for more signals.