#数字资产行情上升 Don't be fooled by the rebound; understanding the "expectation gap" is the key to making money.

When the market rises, does FOMO start to take hold? Stay calm. The real logic behind making money is hidden in the expectation gap behind the rebound.

This current rebound, frankly, is the result of the combination of Federal Reserve rate cut expectations and fiscal monetary easing. The market is betting that around 2026, there might be an economic boom created for a certain political cycle—this indeed presents an opportunity for risk assets like cryptocurrencies.

But don't think it’s that simple. Not all coins can benefit. Capital is now extremely selective, only pouring into top projects that have been hammered down before but still hold up fundamentally. The kind of "altcoin season" where the whole market rises together, even air coins can fly? That’s hard to see again. Instead, we’re seeing extreme divergence—some assets take off, others continue to languish.

So the core is not to chase what’s hot now, but to identify which assets the market has "mispriced" and are truly undervalued. When liquidity floods in, these wrongly accused assets will rebound the most wildly.

Market rises and falls are essentially about recalibrating value. Each cycle is a re-pricing process. The current task is to find those whose value has been buried; when the next wave of liquidity is released, they will be the true beneficiaries.