Today the US stock market is closed, let's return to some rationality.

The crowd trading various token micro-strategy stocks mostly hasn't bought the tokens themselves; ultimately, these tokens' actual buying pressure still needs to be realized through the micro-strategy companies. However, the process of fundraising - issuing new shares - buying coins takes time.

In recent days, the positive news has been somewhat overly concentrated, releasing all the good news from the past three months in just a week, such as Coinbase.

It’s hard to say that it’s not an official move to stimulate stock prices, but when the expectations driven by news sentiment are exhausted, they still need to be reflected in reality and data.

Today, looking at the community, there are quite a few doubts about Circle, believing that its stock and stablecoin market cap related data is comparable to the Luna crash back in the day. Although I oppose this viewpoint, from another perspective, could this be more like a short squeeze? After all, the scale of the US stock futures market is much larger than that of the crypto market back then.

Additionally, the opinions in the Chinese-speaking US stock community are particularly interesting; rather than believing in the crypto market or stablecoins, it feels more like a belief in Trump, with some fantasies comparable to soap operas and novels.

Many friends have asked why the current state of altcoins in the industry is so bleak. Is there a possibility that the old players in the crypto space have become smarter after being cut, while the newcomers in the US stock market are still not very savvy?

In summary, if you feel bored scrolling through Twitter, check out the posts in various US stock communities evaluating Circle and Coinbase; it can be quite interesting. This has also been a source of joy for me these past few days.