The two major economies, the US and Japan, have injected strong bullish expectations into the global risk asset market through loose fiscal policies. In my personal opinion, this period is driven by macro factors causing a 'risk on' flow of funds into various financial assets, rather than being solely crypto-specific bullish news. Broadening the perspective to the entire financial market—Bitcoin hitting new highs, gold hitting new highs, US stocks hitting new highs, Japanese and Korean markets hitting new highs, and commodities like oil and copper also pricing in stronger economic growth expectations (gold's rise doesn’t necessarily mean a drop in risk assets; it depends on the driving factors. During Trump’s term, I was bullish on gold + crypto in the long run). This kind of broad rally will definitely accumulate risks, but it’s too early to worry about future risks now—you’d miss out on too many opportunities. Although the early session continued upward, I still plan to sell half of the $ETH and $SOL I previously bought to chase higher returns in altcoins. Just picked up some $PUMP . The tail end of sustained 'risk on' is definitely a carnival for mid- and small-cap coins.