#密码资产动态追踪 The market is about to change direction, and I have some thoughts I want to share.

I just saw that a major exchange officially announced an upcoming ecosystem application and zkPass (ZKP), and they even gave it a seed label. Such a move of this magnitude never happens without reason—either betting on a new industry direction or laying the groundwork for the upcoming market trend.

I spent a night analyzing on-chain data, and the scale of stablecoin inflows into exchanges is quietly increasing, especially with USDT deposit and withdrawal data turning positive this week, indicating that funds are starting to accumulate behind the scenes. Looking at the ETH/BTC exchange ratio, it hasn't continued to bottom out, and large holders' BTC wallets have actually slightly increased their holdings. All these clues are signaling the same thing: market sentiment is shifting from collective panic to cautious, exploratory accumulation.

zkPass is a new player in the ZK identity verification track. Coupled with the launch of that ecosystem + social project, it’s clear that a major exchange is intentionally guiding funds to focus on the narrative of "identity verification + on-chain social." If combined with Launchpool or airdrop expectations later, it could trigger a round of hype around related concept coins in the short term.

My previous call to buy the dip was when BTC was around 38,000, and back then, many in the comments said I was too aggressive. But what happened when the market actually moved? The whole screen was filled with "Brother, your vision is sharp." That’s just how this market works—most people only see the results, but the real opportunities come from the collision of information and on-chain data.

My view:

At this position, the overall market can’t go lower. BTC is consolidating between 43,000 and 44,500, and if it breaks through 45,000, it will quickly retest the previous high.

The combination of new projects launching with seed tags will inevitably attract short-term speculative funds. Keep an eye on whether old coins in the ZK sector and social concept tokens can catch up.

Hold your spot holdings well, don’t be scared out by volatility. In a bull market, the most frightening thing isn’t price corrections, but watching the trend unfold while missing the boat.

I wouldn’t claim to be an expert, but my judgment is based on a combination of on-chain data and market information, not just guessing by feel. Trust my logic; this rhythm still works.

Stay tuned, and let’s share the gains together in the bull market. $ETH