[The Crypto Market May Be 'Abandoned' by Global Risk Assets] BlockBeats News, May 28: In the context of the global capital markets, the SP500, NASDAQ, and Russell2000 have essentially returned to near new highs for this phase, while gold and silver previously completed a strong rally. In contrast, the total crypto market cap, after experiencing the '1011' crash, has only maintained a weak rebound at low levels, significantly underperforming traditional financial markets overall. This suggests that even against a backdrop of improved liquidity expectations and a recovery in risk appetite, capital has still not flowed back into the crypto market on a large scale. The current market structure appears more like this: U.S. stocks are trading on AI, gold is trading on risk aversion, while crypto remains in the 'waiting for incremental capital' phase. From a relative strength perspective, crypto assets currently do not exhibit the expected beta intensity in line with global capital markets; instead, they appear more like they are being 'abandoned' by global risk assets.