#稳定币生态发展 Seeing the latest market analysis, I have to say a few honest words. On the surface, BTC and ETH are only 4-5% away from a trend reversal, and many people have already started to prepare for bottom fishing. But there is a detail that is most easily overlooked — derivatives positions, stablecoin liquidity, and ETF funds are fundamentally out of sync.

What does this indicate? It shows that the market’s money has not truly arrived yet. Jumping in now is essentially using your own capital to gamble on the market maker’s patience. I’ve experienced many setbacks in this circle, and the worst was being fooled by signals of this "hidden undercurrent." On the surface, everything looks aligned, and technicals also support it, but the liquidity pulls out at critical points, only rebounding after a round of liquidation.

More importantly, the stablecoin supply is expected to increase by 60% in 2026. What does this mean? It indicates that the on-chain funding capacity will grow in the future, but currently, liquidity is still in the accumulation stage. In other words, now is not the best time to heavily allocate.

My advice is to focus on key levels at 88421 and 2991, but don’t bet all your assets on them. Gradually build positions, control leverage, and reserve stop-loss lines — these old rules are well-worn, but those who survive to see a real rebound are doing just that. The market will wait for us, but those who get liquidated won’t see that day.