The market trends of the past two weeks are worth paying attention to. The Federal Reserve injected $38.1 billion into the financial system — this is not a flood of quantitative easing, but a more refined and proactive management operation.

Interestingly, during the same period, the size of money market funds reached a record high of $75 trillion. Cash is not lacking; the real issue lies elsewhere. Massive funds are piling up in the money market, but there is a lack of motivation and consensus for cross-sector allocation. It's like there is plenty of water, but the pipes are blocked — confidence in capital flowing into crypto, technology, and emerging assets has not fully recovered. The volatility of high-risk assets like SOL and DOGE somewhat reflects this hesitation.