#加密市场观察 The "Volatility Normal" Under the Intertwining of Multiple Factors

The volatility of the cryptocurrency market is the result of the resonance of macro policies, regulations, sentiment, technology, and other factors, which is difficult to fundamentally change in the short term. For investors, it is essential to focus on three main lines: the Federal Reserve's policy trends, the implementation of core regulatory policies, and the flow of institutional funds, while managing volatility risk through diversified allocation (such as a "Bitcoin + stablecoin" combination), controlling leverage, and long-term holding.