Expectations for interest rate cuts cool down, but the issuance of stablecoins is booming?
Initially, there was hope that the interest rate cut in September would drive the market, but after waiting for more than half a year, there has been no movement. Now, the possibility of an interest rate cut is only about 71%. Relying on interest rate cuts to drive market growth may be in vain.
On the other hand, the issuance of stablecoins is 'running wild' globally; everyone wants to issue, and everyone dares to issue. On the surface, it looks prosperous, but in reality, it’s like piling up explosives: there’s too much chaotic liquidity, and risks are all squeezed together. When it comes time to deleverage, it could all blow up.
Currently, the entire market is basically oscillating within a range. Although some coins have seen short-term rebounds recently, it feels like it’s of little use, and the overall trend could crash at any moment!
