Recently, an interesting viewpoint has been circulating in the community. It is reported that a well-known industry figure mentioned in an interview that the current US government is implementing policies to stimulate the stock market, which could trigger an interesting chain reaction—the growth momentum of the stock market might spill over into the crypto space.

His logic is actually easy to understand: when the stock market performs strongly, institutional investors and retail investors' risk appetite increases. Under this market sentiment, crypto assets, which are considered riskier with higher potential returns, tend to attract capital inflows. This flow of funds from traditional finance to digital assets is commonly referred to in the industry as liquidity spillover.

If this prediction proves reliable, then for the crypto market, the current moment might be a critical window of opportunity. The so-called crypto super cycle—the period when market liquidity is abundant, funds are plentiful, and coin prices continue to rise—may indeed have a chance to occur. Of course, all of this still depends on the actual performance of the stock market and the true direction of macro liquidity.