There is a concept worth pondering—when three things align simultaneously, the game truly begins.

This statement is quite interesting. Simply put, each cycle requires all three signals to turn green.

**The first one is already lit.** After this year, the market has not experienced a large-scale liquidation storm. This is the real reason behind the recovery of risk sentiment and the revival of altcoins. Having safely passed this hurdle, all that remains is waiting.

**The second is regulation.** If those clear legislation actually advances, and the US finally provides a clear framework for cryptocurrencies—this is not just a victory in public opinion, but a real thawing of capital. Those large capital players who have been watching and waiting for clear rules rather than being driven by hype can now enter the market.

**The third is the macro environment.** To put it simply, the economy doesn't need to grow wildly, and the stock market doesn't have to surge—just avoid a crash. Stabilization is enough.

When all three lights are green, cryptocurrencies are unlikely to be pushed down further. The key is, this time it’s not driven by hype—real applications, stablecoin liquidity, asset tokenization, and the actual operation of the DeFi ecosystem have been pushing everything beneath the surface.

Most people haven't fully digested the opportunities in this current situation.