#数字资产动态追踪 Recently focusing on on-chain movements and macro patterns, I have some observations I want to share.

There have been geopolitical moves in the US that directly boosted the dollar's safe-haven demand, putting pressure on the pound and euro. But this is just surface-level drama. The real highlight is on-chain — several large addresses I track have been rapidly converting stablecoins into $BTC and $ETH over the past 24 hours. Interestingly, they are doing so by bridging into DeFi ecosystems outside US regulation. What does this imply? Top-tier capital is signaling through action — responding to the dollar's appreciation on one hand, while quietly hedging for the eventual "de-dollarization" on the other.

Some analyses have pointed out the weakness of the pound and the euro's reliance on fiscal stimulus, and that's true. But this narrative is too superficial. The real story is this: sovereign risk continues to rise → the credit foundation of traditional fiat systems erodes → crypto assets (especially $BTC) are increasingly seen as a store of value beyond political influence, with their weight only increasing. No matter what fiscal stimulus the Eurozone tries, it ultimately accelerates capital outflows. Some of that liquidity will inevitably flow into the crypto markets.

In the short term, a strong dollar will indeed suppress risk assets. But every geopolitical shock adds weight to the long-term value storage logic of crypto. Don’t be scared out by daily volatility; smart money on-chain is quietly accumulating positions. When the market finally reacts with hindsight, the early movers will already be harvesting gains.

Stick to your judgment — after the storm, there will be a rainbow. Monitoring on-chain signals for unusual activity is the way to get ahead of the market.