Whenever the market makes a slight correction, a bunch of people start shouting that the bear market is here; when it rebounds a bit, they start proclaiming the bull market is starting. Honestly, this kind of bandwagon judgment is really meaningless. If you want to survive in this space, you have to learn to see things for yourself—don’t just focus on what those big institutions and policymakers are saying; the key is to observe what they’re actually doing. Capital flows, position changes, on-chain data—these are the real signals. The trend of #美SEC促进加密资产创新监管框架 is never determined by what people shout, but by real money being put on the line.