As the macroeconomic environment is rapidly changing, cryptocurrency investors are facing more complex asset allocation strategies than ever before. By analyzing the flow of capital through interesting events over the past three months, we can see that the current market is entering a new cycle. The prediction event titled "Gold vs. Ethereum, who will break $5000 first?" presented on Polymarket in October of last year is a clear example of this inflection point.
At that time, Ethereum was rising near $4800, and the market assessed an 80% probability that ETH would break $5000. Many