Yesterday, U.S. stocks were closed, returning to some rationality.
The crowd trading various tokens and microstrategy stocks mostly did not buy the tokens themselves. Ultimately, the actual buying of these tokens will still have to materialize through the microstrategy company, but the process of fundraising - issuing new stocks - buying tokens still takes time.
In the past few days, the positive news has been a bit overly concentrated, releasing the frequency of positive news from the past three months all in one week, like Coinbase.
It's hard to say that the officials are not trying to stimulate stock prices, but once the expectations driven by news sentiment are played out, they still need to be reflected in reality and data.
Today, looking at the community, there are many doubts about Circle, believing that its stock and stablecoin market value-related data is comparable to the Luna crash back then. Although I oppose this viewpoint, from another angle, could it be more like a short squeeze? After all, the scale of the U.S. stock futures market is much larger than that of the crypto market back then.
Additionally, the views from the Chinese-speaking U.S. stock community are particularly interesting. Rather than believing in the crypto space and stablecoins, it feels more like believing in Trump, with some fantasies comparable to dramatic shows and novels.
Many friends have asked why the current industry of altcoins is so sluggish. Is it possible that the old-timers in the altcoin space have become smarter after getting burned, while the old-timers just touching the crypto sector in U.S. stocks are still not very savvy?
In short, if you feel bored scrolling through the plaza, take a look at how the major U.S. stock communities evaluate posts about Circle and Coinbase; it will feel quite interesting. This has also been my source of joy these past few days.
