Nvidia + Circle earnings report, how long can it ignite?

This market rebound also has a "tech flavor"—the robust earnings of AI leaders, combined with positive expectations for stablecoin companies, are boosting overall risk assets. The capital logic is very clear: as long as liquidity expectations improve, high-volatility assets will lead the gains.
But be cautious of two points: first, the positive earnings are a one-time catalyst; second, the crypto market itself is still constrained by macro liquidity. If U.S. Treasury yields rebound or the dollar strengthens, the market may cool down.
The key to sustainability lies in: do on-chain data improve simultaneously? Are active addresses, net fund inflows, and contract holdings healthy? If the rally is driven by spot prices rather than just contract manipulations, the market will be more stable.
In summary, this looks more like a "structural recovery phase." If BTC can stay above 70,000, altcoin rotation will continue; if it falls back into a key range, the market will revert to consolidation.
Markets are never short of stories; what’s missing is patience. The true winners are not those who guess a rebound correctly once, but those who can stay steady after the trend is confirmed.
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