The price of virtual currency $BTC $ETH is currently at a historical high and has entered a price exploration phase. The voices of breaking through one hundred thousand are incessant, and I also believe it will definitely develop in this direction in the future. However, focusing on the present, how will the U.S. secondary market develop after opening? Can U.S. stocks continue to thrive? Can capital continue to celebrate? Let's take a look at the current data of the S&P 500 in the U.S. secondary market, as well as the data from Grayscale Bitcoin and Ethereum funds. The possibility of creating historical highs still exists, but we must rationally and objectively recognize that a pullback is inevitable, and it is inevitable that speculative capital will cash out at the high point, even if they are patient capital. Whether they can accompany Bitcoin to complete the price exploration is unknown.