The core contradiction of this market round is actually not in BTC, nor in altcoins, but in "stablecoin yields".

If non-farm payrolls deviate significantly, the dollar and U.S. Treasury yields will inevitably fluctuate wildly; Goldman Sachs warns that hedge funds are shorting U.S. stocks at a record pace, and AI impacts magnify systemic instability. Meanwhile, the Federal Reserve is discussing a "streamlined master account" while allowing securities tokenization, with rules being rewritten.

In this environment, emotional assets take the first hit, and the infrastructure of settlements and stablecoins becomes even more important. This is also the reason I continuously pay attention to @Plasma $XPL #Plasma —short-term fluctuations with the market, but long-term benefits from institutional and structural changes. #加密市场 $BTC

BTC

65,407.27

-3.21%