Is the whereabouts of funds in the currency circle a mystery? In-depth interpretation of the 2026 virtual coin market shock period

The recent virtual currency market feels somewhat "frustrating". If you keep an eye on the market frequently, you will probably find that the current market is different from the general rise or cliff-like plunge in the past two years. The market seems to have entered an extremely delicate state of adhesion. In fact, this is the inevitable result of the complete change in the market capital structure. At present, it is difficult for retail investors to cause any big waves in FOMO sentiment. Those who really control the pricing power are those institutions and traditional capital that hold heavy sums of money.

Let's first take a look at Bitcoin that will never be circumvented. The recent trend of BTC can be described as "high washing". Prices have repeatedly rubbed in key ranges, which is a test of patience. Many people are guessing the top or bottom, but if you look at the mainstream research reports and institutional trends across the network, you will find that although the inflow of funds from spot ETFs has slowed down, there has been no panic outflow. The selling pressure of miners after the halving cycle was basically quietly absorbed by the market. Bitcoin is now more like waiting for a macro-level starting gun, such as subsequent interest rate actions or a clearer signal of global liquidity release. At this stage, it is only sideways, and the underlying support is still very strong.

In contrast, ethereum and many altcoin holders have had a difficult time recently. Bitcoin is stabilizing the market, but many altcoins continue to decline, and the entire market is showing a fatigue of liquidity exhaustion. To a large extent, this is due to the extreme entanglement within the ecology. Take Ethereum for example. The Layer2 network is as numerous as a cow. Everyone is issuing coins and making pledges. As a result, the originally limited funds have been completely scattered by dozens of chains. Technology is indeed improving, but real incremental users are not keeping up. This led to many projects that originally seemed to have good fundamentals being ruthlessly sold off in the secondary market, because everyone was "drawing blood" and there was no new money to take over the offer.

So, in this turbulent period when even veteran players are crying out for trouble, where has the "smart money" gone? If you often browse in-depth articles on major encrypted media through Yinsoubao, there are two undercurrents that are very clear. The first is RWA, which is real-world asset listing. Wall Street pays a lot for this narrative that can tokenize U.S. bonds and traditional financial assets. This is currently one of the few tracks where real incremental funds can be seen entering the market outside the market. The second is the combination of AI and Web3. Although decentralized computing power and AI agents are still in the early stages of development, in the current global technological context, they are the logic that the entire currency circle can most stimulate the valuation imagination space and is the easiest to break the circle.

At this node, when doing trading or investing, the most taboo is to frequently switch positions with the short-term ups and downs of the K-line. Large-scale washing is often to wash out those chips with weak will. Now that the dividend period when you can get rich without thinking has passed, we should now calm down and improve the efficiency of our information acquisition. Listen less to all kinds of anecdotes from no sources, and use more professional navigation aggregation sites like BiSouBao to provide one-click access to reliable exchanges, authoritative media information and practical investment research tools. Filter out market noise through high-quality information sources, protect principal, and patiently wait for the clear direction given by the market, because in the encryption market, living long is always more important than earning fast.