The recent performance of the crypto market has truly exceeded many people's expectations. Prices have continuously broken through multiple key resistance levels, and the upward trend has persisted. Such sustained rallying has made many onlookers start to feel uneasy. Even seasoned veterans who have been in the crypto space for years find it hard to recall the last time such a continuous and fierce short squeeze occurred.

As prices keep hitting new highs, the overall market sentiment is also heating up. More on-chain data shows that off-chain funds are flowing in steadily, creating a positive feedback loop—when the market reaches a consensus on a bullish outlook, even significant technical resistance levels can be broken. This is precisely where the market is currently the strongest.

From the trading data, the breadth of this rally is quite impressive. Although the largest gains are still seen in leading cryptocurrencies and popular sectors, this reflects a clever counterparty strategy: smart money concentrates most of its ammunition on core assets, ensuring the continuity of the rally while avoiding the risk of over-diversification and subsequent pullbacks. In other words, this rally is not a false fire; it is backed by real capital. Trading volume is the best proof—amidst the continuous rise, the market can absorb such a large influx of funds, indicating that retail investors are not blindly chasing highs but that institutional players are actively adding positions.

Looking at sector rotation, AI and data-related ecosystems have become the core themes—sub-sectors like large model applications, on-chain AI, and data infrastructure are collectively gaining strength. The core of this rally is the tech narrative, replacing previous hot concepts and becoming the market's new favorite. Meanwhile, cross-chain and infrastructure tokens continue to perform steadily, showing no signs of fatigue and effectively driving the entire ecosystem sector. The main upward momentum remains solid.

Overall, the current market performance can be described as "solid," rather than just "strong." Over the years, the crypto market has seen many strong rebounds, but they often come with hidden risks: either rising too quickly and risking a correction, or indices rising while most tokens are abandoned. This time is different—volume is rising across the board, hot sectors are rotating, and retail investor confidence is full. Such a market configuration is indeed rare.