Entering 2026, the crypto market atmosphere is indeed somewhat subtle.

The current fear index has dropped to 31, but behind the subdued data lies the true logic of institutional behavior. Benchmark has recently maintained a buy rating and set the target price around $705, which is enough to demonstrate the attitude of professional funds. Compared to the market's pessimistic sentiment, their judgment obviously carries more weight.

What is more worth noting is the change in capital flow—traditional precious metals markets are gradually losing blood, with funds flowing out and increasingly entering the crypto ecosystem. The long-term value logic of leading assets like Bitcoin, Ethereum, and Binance Coin remains unchanged.

Markets are often most testing of human nature at their freezing point. Investors who hold onto quality assets at emotional lows are usually the ones who laugh last. Each cycle repeats the same pattern—there is always a reversal after panic. Winters never last forever.