The "value-for-money pit" in the crypto market downturn is exactly the golden opportunity to buy the dip.

In recent months, the global capital markets have shown a polarized situation—stock markets can be bought cheaply during dips, while the crypto market has been plagued with frequent turbulence. Behind this stark contrast, an important opportunity window is brewing. Participants aligned with international markets are increasingly realizing that globalized asset allocation may become an indispensable choice in the future.

A-shares Bull Market Still Ongoing, But Signals Worth Watching

From a data perspective, A-shares have already demonstrated a clear upward momentum. The current trading volume has surpassed 30 trillion yuan, accounting for 2.54% of the total market capitalization. Compared to the 3.37% during the 2015 bull run, there is still room for further growth. At this pace, once the trading volume breaks through 40 trillion yuan, the opportunity to escape the top on the left side will emerge.

The margin financing and securities lending balance (market leverage level) is currently at a record high of 2.6 trillion yuan, representing 2.53% of the circulating market value. Compared to the peak of over 4.5% during the 2015 bull market, this indicates that the current upward trend is characterized by continued capital inflow and market sentiment accumulation. After 16 consecutive days of gains, a sudden 1-2 day sharp decline could occur at any time. In such moments, decisive intervention becomes a wise choice. Hot sectors like aerospace commercial, brain-machine interfaces, and AI applications are all high-quality targets for buying on dips.

Crypto Market Selling Pressure Rapidly Declining, Cost-Performance Advantage Emerging

The situation in the crypto market is quite different. Overall, recent market activity has been relatively quiet, but the rapid decline in selling pressure is a noteworthy signal worth deeper analysis.

The most critical data comes from changes in the ETH staking withdrawal queue. By early January, this queue had nearly approached zero. Compared to the peak of 2.6 million ETH queued for withdrawal, the reduction in selling pressure is significant. This suggests that a large amount of sell orders previously considered “bad news” is about to subside, and downward pressure in the market is gradually easing.

Currently, the overall market lacks obvious signs of capital inflow, but there is also no new outflow pressure. This “vacuum” state instead presents a special participation opportunity. At this point, any decline should not be viewed as a risk signal but as an expansion of the dollar-cost averaging zone. From a cost-performance perspective, the current deployment cost is relatively low, while the future upside potential is underestimated by the market.

Institutional Capital Reflow Is Only a Matter of Time

Market data comparisons show that Binance’s annual trading volume in 2025 has already reached the scale of 34 trillion USD, which is comparable to A-shares’ 58 trillion USD and US stocks’ 50 trillion USD. In terms of user base, Binance boasts 300 million users, A-shares have 250 million, and US stocks 200 million. This comparison clearly indicates that the crypto market has evolved into a relatively mature and highly liquid asset pool.

The logic of institutional asset allocation is clear—when the cost-performance ratio of a certain asset class decreases, capital will naturally seek the next undervalued opportunity. As the chance to buy cheap A-shares gradually diminishes and their cost-performance ratio declines, the crypto market, which has been lying dormant, will become a key beneficiary of capital inflows. This flow will occur against the backdrop of rising stock market risks, as the market increasingly views crypto as a safe haven for risk diversification and improving overall success rates.

The “smart money” is still eating in the stock market—who would actively jump into this turbulent and volatile market to confront risks head-on? But this precisely indicates that every participation during these dips could be paying for future institutional entry. The dollar-cost averaging zone has already appeared; all that’s needed is enough patience to wait for this moment to arrive.