#Circle上市 an incremental fund, from Tether, yes, the Tether company for USDT, in addition to the 1 billion USDT issued two days ago, also directly bought 8888 bitcoins worth 737 million US dollars yesterday, the number is quite superstitious. The day before yesterday, MicroStrategy bought 22048 bitcoins for about 1.92 billion US dollars, at an average price of 86969 dollars. Therefore, this wave of price increase is not entirely aimed at liquidating short positions; rather, the current price is at a low level for accumulation.

Who is selling? Ancient whales are selling, short-term holders are selling. One is cashing out while the other is panicking; otherwise, why would the market's fear and greed index drop below 30 into extreme fear?

Additionally, Circle, the parent company of USDC, plans to go public in the United States in April. Considering Trump's recent legislation regarding stablecoins, it is not hard to imagine that the probability of it passing is quite high. Once the legislation is implemented, the strategies of these USDT and USDC parent companies will also be implemented, leading to more companies issuing stablecoins.