Here is the English translation, with the terms in <> retained and not translated: The cryptocurrency market has been under continuous negative pressure since the beginning of February, and also plunged to around $86,000 around 11:30 pm on the 25th, hitting a new low since November 13 last year. The current market is also full of voices questioning whether the bull market has really ended. Analyst: Passage of the US Stablecoin Bill May Inject New Momentum into the Market However, according to a report by yesterday (25th), Zack Shapiro, the policy lead at the Bitcoin Policy Institute, offered a positive outlook. He predicted that the US Congress may pass a stablecoin bill in the next few months, and once passed, it would mean that US banking giants may launch a compliance stablecoin issuance boom, thereby opening the floodgates of capital for cryptocurrencies:

The Trump administration is pushing for a bill on stablecoin regulation, as they believe this is crucial to maintaining the dominance of the US dollar.

I believe all banks want to join the competition with , but currently lack sufficient regulatory clarity, so once the stablecoin bill is passed by Congress, this could bring a huge influx of capital.

Kraken Executive: Traders Are Buying the Dips Although has fallen below a key psychological threshold, Alexia Theodorou, the derivatives chief at the US exchange , said yesterday that the current market's risk-averse sentiment has led to a continued decline in , hitting a new low in nearly 3 months. However, amid the market panic, traders have already started to 抄底 (buy the dips):

Although the price of has fallen below $90,000, data from the BTC futures market shows that the number of long traders is surging.

The long-short ratio has risen to around 0.8, a new high, indicating that traders expect the market to rebound and are adopting a 抄底 (buy the dips) strategy.

Additionally, according to monitoring by yesterday, 巨鯨 (whales) are also actively buying in the midst of the market decline:

Whales are buying, with 26,430 BTC flowing into whale accumulation addresses through OTC trades and long-term custody.