When the bubble bursts and the noise clears, a genuine bull market is never based on mere talk!
Brothers, the market has recently been unsettled by the 'legend' of Yiwu's stablecoin payments, as if this thing has taken root and the bull market is set to take off! Hey, the prosperity of Yiwu is more inflated than a desert! This is a small emotional blow to BTC and ETFs, but shaking the foundation of the bull market? No way!
1. The truth about Yiwu? Merchants are almost putting up signs that say 'I don’t understand!'
Our reporter friends have roamed the vast territory of the commercial city, and what did they find? Over 90% of the bosses we approached rejected us three times: 'Not accepted, don't understand, never heard of this stablecoin nonsense!' It was hard to find a business that would accept it, and it had to be a big order; small amounts were out of the question. Why? Because cash in RMB, cash in USD, bank transfers, and freight forwarding settlements are fast, safe, and hassle-free. Why bother with something that might be illegal, difficult to operate, and worries about exchange rate fluctuations? That's real business logic!
2. Who spread the myth of '3,000 merchants with monthly flows of 1 billion dollars'? An associate directly slammed the table: 'Nonsense! That’s simply not the case!' Most of those big on-chain transfers making a fuss online are likely just insiders trading off-market, or some other scheme that has nothing to do with merchants receiving payment!
3. Why does this matter make some people shiver? It's just a minor short-term emotional cold!
To put it bluntly, a part of the market believes that stablecoins can truly stir up the trade industry, raising the 'practical value' aura of the crypto world and providing a new excuse for the price increase of Bitcoin. However, the cold water from Yiwu has somewhat spoiled the hype of the 'payment revolution.' Retail investors lacking confidence may want to run first, and short-term emotional fluctuations are inevitable.
But does this mean the bull market will hit the brakes? Let's take a look at the key data: just last week, the net inflow into Bitcoin ETFs in the U.S. was 4,413 BTC! Ethereum is even stronger, with a net inflow of 15,651 ETH! Real money is still flowing in, and the trend remains steadfast!
4. Don't panic! The engine of the bull market does not rely on Yiwu's small commodity market!
Important note: The underlying logic that Bitcoin will rise to tens of thousands or even 200,000 dollars in the coming months has nothing to do with whether Yiwu accepts stablecoins!
Institutional investors are stocking up! Look at the reports from major banks like Standard Chartered; in the second quarter, institutions gobbled up 245,000 BTC! This momentum hasn't stopped, and ETF money is genuinely flowing in to lock it up.
The Federal Reserve will eventually turn on the faucet! Rate cuts are a certainty; once money becomes cheap, these inflation-resistant digital assets will be in high demand. If Powell really gets replaced, this could happen even sooner!
Big moves are coming from the U.S.! (GENIUS stablecoin bill) Once this is sorted out, it’s like giving the mainstream world a license to play with stablecoins, which is a truly significant boon that can open up a wider ecosystem.
Halving? The momentum is just beginning to build! New coins are being mined less and less, with supply and demand set to remain a long-term ballast.
Tang Seng summarizes: Minor disturbances are insignificant; the foundation is very solid!
The Yiwu situation can be summed up in one sentence: it's still too early for stablecoins to carve a path in the compliant big market! In the short term, there is a bit of emotional deflation, scaring away some of the less confident speculators. But the pillars of this bull market—institutional absorption, policy expectations, halving effects, and the ETF wave—are all solid and unwavering!
Brothers, let's not jump ship easily before the real surge arrives!
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