#数字资产市场洞察 $BTC $ETH $BNB

The privacy protocol upgrade of Ethereum has become a recent hot topic. Looking at the market trends, large amounts of funds are entering Ethereum, while small investors are turning to opportunities in smaller tokens. This reflects the differing risk preferences of investors of different sizes—top-tier funds pursue fundamentals-driven investments, while smaller funds are looking for assets with volatility premiums.

Upgrade expectations are often a double-edged sword, as they can both drive up the valuation logic of mainstream coins and potentially trigger adjustments before and after realization. The key still lies in the genuine technological progress and the market's absorption capacity.