Recently, friends who have been paying close attention to the market should have noticed—BTC has stubbornly broken through $94,000, and ETH has stabilized at the $3,300 mark. This is not just a simple technical breakthrough; it feels like a signal that a new cycle is truly beginning.

Honestly, since the end of last year, I’ve been observing this wave of market activity and becoming increasingly convinced of what is driving it. It’s no longer the era where concepts and hype can sustain the market. The reason BTC has risen to this level is backed by real institutional funds providing support. The data is clear—US spot ETF net inflows hit $697 million in a single day, with BlackRock’s IBIT product alone absorbing $372 million. Giants like MicroStrategy continue to add to their holdings, and more listed companies and even sovereign funds are treating BTC as "digital gold" in their allocations. Grayscale predicts it could reach $150,000 in the first half of the year, and JPMorgan has set a target of $170,000. With such institutional consensus, how could the trend be wrong?

ETH is not just following the trend. The staking volume has already surpassed 33.8 million ETH, accounting for more than a quarter of the total supply. Currently, the on-chain annualized staking yield of 3%-5% has become a new anchor for "risk-free returns." More importantly, there are significant ecosystem developments—by 2026, two major upgrades are scheduled, mainly to reduce Gas costs and address privacy and security issues. Meanwhile, the tokenization of RWA (Real-World Assets) is expected to grow from the current hundreds of billions to trillions, meaning ETH is no longer just a smart contract platform but has become an institutional-grade infrastructure. Industry optimism suggests it could reach $8,200 by the end of the year, which indicates considerable growth potential.

Compared to previous markets, the differences are enormous. Back then, stories were driven by halving cycles and hype; now, regulatory frameworks are gradually being clarified, global liquidity conditions are still easing, and institutional funds continue to flow in. The attributes of BTC and ETH are also quietly changing—from purely speculative assets to genuine value propositions that can be realized.

From another perspective, the current $94,000 BTC and $3,300 ETH are just the appetizer for this round of market rally. As the Federal Reserve possibly cuts interest rates, ETF product lines further improve, and various ecological applications continue to explode, the story’s excitement will only increase.

The last point—just follow this trend. I really can’t imagine what heights these two assets will reach in half a year or even a year.