Yesterday, when Bitcoin re touched $91,000, the market indeed showed some interesting signs. Although the price seemed to be heading upward, the overall market sentiment remained cautious, with many waiting to see how the situation unfolds.

The chain of recent geopolitical events' impact is worth reviewing. First, the spillover to traditional markets—Venezuela's oil exports have fallen into paralysis, which will push up oil prices in the short term and raise inflation expectations. Sounds like good news, but the problem is that once major oil companies step into this market, in the long run, production recovery could actually suppress prices. This repeated tug-of-war directly amplifies volatility in traditional finance, and some funds are beginning to cautiously explore the crypto assets sector.

The real market-moving intelligence is still hidden in rumors. The Venezuelan crypto reserves—used allegedly to evade sanctions—amounting to about $60 billion, if this figure is accurate, could trigger chain reactions far beyond any market news once control changes hands. Don't forget, last year, about 80% of Venezuela's oil revenue was settled in USDT, a detail that indicates blockchain assets have already been quietly transforming their role in the real economy.

From a policy perspective, undercurrents are surging. The current US administration's relatively open attitude toward the crypto industry can be seen from recent investments by a major accounting firm. More importantly, the US Senate may push forward a new digital asset market structure bill next week, which could truly alter the mid-term market landscape.

My logic is clear: geopolitical conflicts are just a passing breeze; they can cause short-term price fluctuations but won't change the market's inherent rhythm. The total market cap of crypto has just re-claimed $3 trillion, but if you look closely at trading activity, it has been declining for several weeks. This indicates that big players are still watching and not truly betting. Don't be scared or tempted by daily price swings.

Next, focus on two things: first, the latest official statement today regarding the "legendary" Venezuelan crypto assets; will there be an official confirmation? Second, the progress of the US digital asset bill next week. Until these two key points become clear, there's no need to rush into all-in positions. The market works this way—when information is asymmetric, the most dangerous thing is often overconfidence in decision-making.