S&P 500 futures recently broke through the 7,000 mark for the first time, which is indeed rare in trading history. The driving forces behind it are nothing more than a few factors—loose liquidity, expectations of interest rate cuts, and continuous capital inflows from ETFs. With traditional finance booming like this, will it really ignite the crypto space?

To be honest, the correlation has indeed been strengthening recently. Once macro risk appetite rises, market participants' attention begins to spread in all directions. After mainstream cryptocurrencies have had their fill, attention naturally turns to new hot spots within the ecosystem. For example, those recently popular projects on Ethereum, exchange coverage is also expanding, and many people are quietly paying attention.

This kind of rotation phenomenon has repeatedly appeared in history—when a bull market comes, risk appetite rises, and funds begin flowing toward assets with more upside potential. Do you think this breakout in traditional markets can bring a real rally to the crypto space? This is definitely worth discussing.