Entering 2026, the crypto market presents a strong volatile trend. Bitcoin remains firmly above $90,000, demonstrating sustained support from institutional capital inflows. Meanwhile, Ethereum is effectively solving the impossible trinity problem through breakthroughs in ZK-EVM and PeerDAS and other cutting-edge technologies, accumulating momentum for ecosystem expansion.

The stablecoin market is also noteworthy, with its total market cap approaching $200 billion, reflecting sustained market demand for liquidity tools. Notably, institutional capital's attention to the RWA (Real World Asset) track continues to heat up, with significantly increased deployment efforts. Continued capital inflows into U.S. institutional ETFs have further injected confidence into the market.

In the short term, macroeconomic indicators such as non-farm employment data may still cause cyclical fluctuations, but from the perspective of gradually easing regulatory environment and sustained institutional capital inflows, the market's fundamental support remains solid. The dual drive of technological innovation and capital flows may continue to dominate market direction.