Recently checked the market, and it's quite interesting. Bitcoin recently tested around $74,000 multiple times, and this week finally stabilized, with the latest price around $72,680, nearly a 9% weekly increase. But what attracts me more is the performance of altcoins, with high-risk cryptocurrencies like Ethereum and Solana surging more aggressively. ETH's weekly gain is close to 9%, SOL has risen nearly 5%, and Dogecoin has increased almost 2%, indicating that funds are rotating into higher-risk assets.

The underlying reason seems to be a easing of macroeconomic conditions. Oil prices have retreated from high levels, the dollar has weakened, and there are signs of easing tensions in the Middle East, all of which have improved liquidity for risk assets. This week's data is the most impressive recently, as seen from the large amount of forced liquidations—over $300 million in the past 24 hours, with 83% of that being shorts, especially hitting Ethereum the hardest.

However, whether this rebound can continue depends on the Federal Reserve's upcoming stance. I heard there's an important meeting in mid-March, where the dot plot and officials' comments could redefine market expectations for rate cuts. The current question is whether this is a genuine return of risk appetite or just a short-term short squeeze. I think, judging by the overextended gains in altcoins, the former is more likely.