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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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#稳定币发展# Seeing the news about the significant rise in USDT's Circulating Supply, I can't help but recall my own experiences from years ago. Back then, I was also swept away by the market's enthusiasm, thinking that the bull run was coming just because stablecoins were being issued. What happened instead? I ended up catching a falling knife at the peak. Now I've learned my lesson; I won't be easily deceived by such superficial data.
Issuing 6 billion USDT sounds frightening, but it requires a calm analysis. This may just be institutions preparing for the future and does not mean that funds are actually entering the market. More importantly, we need to pay attention to the flow and usage of these newly issued USDT. If they are merely hoarded in large wallets, the impact on the market is actually limited.
As someone who has been through it, I advise everyone not to be easily misled by such data. Learn to think independently and analyze the market situation from multiple perspectives. Remember not to FOMO, and maintaining rationality is essential for lasting in this market. Risks always exist, and protecting your assets should be the top priority.