This wave of increase in #BTC is not a bull market, but a conspiracy!
You might think that the big coin breaking through the new high of 110,000 is just the beginning of a bull market, but in fact, this is the United States resolving the chain harvesting war of US debt. Before June 30, the US has to start repaying 6 trillion in US debt. The process of finding buyers for US debt, including the rise of BTC and the start of the tariff war, is all about finding a buyer for US debt. So who bought US debt before? It was purchased by institutions and countries, but now institutions and countries are no longer buying because US debt is facing the risk of collapse. Not only is there no one buying now, but many countries are starting to sell US debt. Since institutions are no longer buying, individuals must step in. But why would individuals buy? Only if there is profit to be made would someone buy; thus, the crypto circle's BTC began to rise all the way, breaking previous highs and creating wealth effects, which led retail investors to rush in. In fact, it is just helping the Americans to wash away their US debt.
Recently, you can see that the stablecoin bill passed by the US actually appears to be a compliant measure to stabilize the market. In reality, it uses BTC and USD to enable the US Treasury to buy US debt, prolonging the dollar's hegemony. The new bill stipulates that any compliant stablecoin, such as USDC, must have 100% dollar or US Treasury bonds as reserves. This means that if you want to buy one dollar's worth of stablecoin, the issuer must use one dollar to buy US debt or put it in a dollar account. If you carefully analyze this logic, you will find that the more people use stablecoins, the more buyers there will be for US debt. This is not regulation; it is an on-chain version of an automatic US debt distribution system!
So, do not think this is a bull market, and do not believe that the issuance of USDT is just for buying coins; the core reason is to resolve US debt.