Recently, the Tether company of USDT not only issued an additional 1 billion USDT a couple of days ago, but also bought 8,888 Bitcoins worth 737 million USD yesterday. The day before yesterday, MicroStrategy also purchased 22,048 Bitcoins for 1.92 billion USD at an average price of 86,969 USD. This wave of increase is not merely for liquidating short positions, but more so in the stage of accumulating at low levels.

Currently, the main sellers of Bitcoin are ancient whales and short-term holders, with some cashing out and others selling due to market panic. Consequently, the fear and greed index has dropped below 30, entering the severe fear zone.

Additionally, Circle, the parent company of USDC, plans to go public in April, and there is a high probability that Trump's stablecoin bill will pass. If implemented, the operations of USDT and USDC will become more regulated, which may also attract more companies to issue stablecoins.