#美联储降息预期升温# The current market fear index remains at 52, indicating that overall sentiment is still in a neutral range. However, several key indicators are simultaneously releasing clear signals: Bitcoin's market capitalization ratio (BTC.D) has been in a declining trend for six consecutive weeks, the alts season index is rapidly approaching the key threshold of 75, and the total market capitalization of alts has surpassed its highest level in two years. Notably, this is the first time since 2021 that these three core indicators are pointing to a "alts season officially starting" market pattern.

At this special stage, investment fund allocation strategies tend to seek projects that provide dual guarantees of "compliance and fundamentals." Wise layout directions can focus on ETF/DAT-related fields, DeFi blue-chip projects such as Hyperliquid, Ethena, and Pendle, real-world assets RWA track such as ONDO, and those AI/Agent protocols with clear cash flow models or unique development narratives.

Although Meme coins and high volatility projects still present short-term trading opportunities, investors need to possess a more acute ability to grasp market rhythms and a stricter awareness of risk management in order to achieve ideal returns in these high-risk assets.