In my spare time, I’d like to talk to everyone about the current overall fundamentals. However, this was actually shared with everyone at the end of last month, but considering that some friends may still need to boost their confidence, I am providing another update here.

In the previous text, we already explained the reversal in macro forms, and now there have been many substantial positive developments. First, the US-China tariff negotiations have adjusted the previously imposed tariffs from 145% to 30%, with China retaining 10% on tariffs to the US. Although this agreement only has a 90-day validity period, the rebound in US stock futures, the decline in gold, and the general rise in cryptocurrencies have expressed the market's short-term optimism. From the results of this negotiation, the US will not impose excessively high tariffs on other countries; otherwise, it would essentially be giving us an assist. Thus, it seems that this round of tariff wars has largely come to a close.

Regarding interest rate adjustments, the prolonged four-month downtrend in fundamentals caused by lowered expectations for interest rate cuts and public opinion has passed. Previously, Powell's shift from a hawkish stance and the confirmation of progress in US inflation also indicate that the US market is stabilizing with the end of the tariff war.

Looking at the combined cycle, the most painful period for the cryptocurrency market should be behind us. It can also be seen that BTC's swinging asset attributes have shifted back from safe-haven assets to risk assets (although BTC's safe-haven property as digital gold cannot be denied, its fluctuations with the market are more aligned with risk assets). The recent tariff war has come to a halt, and the recession crises generated by the US stock market, US debt, and inflation will be temporarily alleviated. The most direct impact is the increase in expectations for a larger FOMC rate cut. Such market expectations may bring a reversal that could become a long-term benefit for BTC.

So looking back, can the hype that Trump created for the cryptocurrency market last year be sustained? The inflow of ETF pledges, alleviation of inflation, and stabilization of stablecoins, along with a series of altcoins regaining strength, will form the long-term upward momentum for the cryptocurrency market. From this perspective, the deep correction brought about by this round of tariff wars has actually completed a washout for the market. After washing away a large number of chips, the market has readjusted. Doesn't this approach seem familiar?

Here, some may get overly excited, but Li Mu still suggests not to be too optimistic. After all, this shift in direction is brought about by improvements in fundamentals, rather than substantial positive developments. Market turbulence and the amplitude caused by public opinion still exist. It is clear that even if we really experience a correction, there is no need to change the expectation of a bull market. The substantial improvements in fundamentals will bring many long-term benefits to the market, which will be realized one by one. Therefore, even if there is a significant correction, do not panic; make a good accumulation plan and invest cautiously, holding onto your low-position chips, using time to gain space.

This article is only aimed at stablecoins with development potential. Please discern the excessive projects on your own.