The S&P 500 is about to approach 7,000 points, and the US stock market has been rising for eight consecutive months, igniting Wall Street. But here’s the question—while everyone is celebrating the US stocks, have you ever wondered what’s hidden behind this?

**The Three Forces Driving US Stocks Higher**

The first is the expectation of rate cuts. The market has already priced in the easing policies; as long as there are no black swan events, stocks are likely to continue climbing. The second is capital rotation. Tech stocks have been a bit tired lately, and money is starting to flow into sectors with still reasonable valuations. Smart money is looking for new opportunities. The third is the sensitive period of power transition. When Trump nominated the Federal Reserve Chair, the market was most prone to fluctuations.

**Why Crypto People Are Feeling the Worst Right Now**

This is interesting. When US stocks are booming, retail investors in the crypto space often feel the most frustrated. But think about it from the opposite perspective—when traditional financial markets heat up to this level, it’s actually an important signal before Bitcoin’s breakout.

The logic is this: rising expectations of rate cuts increase dollar liquidity expectations, pushing traditional asset prices into bubble territory. Who moves at this point? Institutions and big funds. They wouldn’t be shouting “I’m out” at the top of a collapsing building; instead, they quietly shift their money into alternative assets like Bitcoin. The stock market may still look like it can go higher, but risks are piling up behind the scenes.

**What to Think About Now**

Next week’s Federal Reserve meeting minutes, the new Chair nomination—these could be market turning points. Take a look at your asset allocation—if you’ve all-in on high-risk altcoins, it’s time to adjust quickly. True risk management is about being prepared before the storm hits.

And you also need to understand what narrative power means. Once the market reaches a consensus that Bitcoin is digital gold and a hedge against traditional financial risks, the rise is no longer just speculation but becomes a structural allocation demand. These are two completely different concepts.

Collective frenzy is often a prelude to a turning point. We might be standing at an important crossroads.