Entering 2026, the crypto market shows a strong oscillating trend. Bitcoin remains firmly above $90,000, demonstrating sustained institutional capital inflows. Meanwhile, Ethereum, leveraging breakthroughs in ZK-EVM and PeerDAS technologies, is effectively solving the impossible triangle problem and accumulating momentum for ecosystem expansion.

The stablecoin market should not be underestimated, with its total market cap approaching 200 billion, reflecting ongoing market demand for liquidity tools. Notably, institutional interest in the RWA (Real-World Asset on-chain) sector continues to heat up, with increased deployment. The continued inflow of US institutional ETFs further boosts market confidence.

In the short term, macro indicators such as non-farm payroll data may still cause phased volatility, but with gradually easing regulatory environments and continuous institutional capital inflows, the market's fundamentals remain solid. Technological innovation and capital-driven factors are likely to continue leading the market trend.