South Korea's regulatory authorities have recently permitted listed companies to invest up to 5% of their net assets annually into the top 20 cryptocurrencies—what does this mean? Institutional capital is officially breaking the ice and entering the market.

Let's review the background. Retail investors in South Korea have long been active players in the crypto market. Now, even institutional funds like listed companies are being allowed in, signaling a change in market structure. At the same time, looking at global trends—pressure from the Trump administration on the Federal Reserve, Elon Musk's platform ecosystem changes, and the potential launch of new trading features—all these are sending positive signals.

Policy easing + institutional entry + macroeconomic support—this wave is definitely worth paying attention to. Is a bull market still far away?