Stock market trading volume hits a four-month high, and this signal is worth paying attention to. The rally at the beginning of 2026 seems to have room to continue. When trading activity in traditional markets rises significantly, it often reflects an increase in market participants' risk appetite. This spillover effect of sentiment can easily transmit to other asset classes, including the cryptocurrency market. From a macro cycle perspective, increased activity in the stock market usually indicates that the liquidity environment may shift towards easing, which is generally positive for risk assets. From another angle, when institutional investors place bets in traditional stocks, they are also reassessing their overall portfolio allocation strategies — naturally including interest in alternative assets. In the short term, this momentum is very likely to push up valuation expectations across the entire risk asset class.