Brothers, this is the resilience of a bull market.

A few days ago, the entire network was crying and complaining over a security incident involving a certain wallet. By last night, funds had already quietly entered the market to push prices up. Many people can't understand: with risks everywhere, how can prices still rise?

Because you're only focusing on emotions, while the main players are paying attention to liquidity and the structure of chips. Not convinced? Keep reading.

**First Hardcore Logic: The Reallocation Window at the Beginning of the Year**

This is the most solid support for this round of rebound.

The timing is set at yesterday—January 2nd, the first trading day of 2026 in the US stock market. America's pension funds, hedge funds, and various ETF custodians officially start their new fiscal year budget from this moment. Their large-scale sell-off at the end of December was essentially "tax loss harvesting" to reduce taxes for the year. But in January, with accounts reset, they must rebuild positions.

Look at the pre-market trading volume of a certain custodian and an institutional product last night—this isn't hesitation, it's using the panic among retail investors to smash the "golden pit" and aggressively grab chips.

**Second Logic: Panic Becomes a Buying Opportunity**

It sounds counterintuitive, but that's how the market works. When a risk event occurs, retail investors cut losses and flee, while institutions stay calm and buy in. The security incident does exist, but its impact on the entire ecosystem is temporary. On the contrary, this panic-induced price dip is exactly the opportunity institutions love to jump in.

Data doesn't lie. Institutions are acting, and the pace is accelerating.