Last night's non-farm data came out, 130,000 vs 70,000, economists were stunned, traders were even more confused—what happened to the promised three rate cuts? Pushed from June to July, Powell has held firm again.
I stared blankly at the K-line on the screen, Bitcoin is still falling, where is the bottom?
Suddenly realized one thing: rate cuts far away, low water level, altcoins sinking, the most solid story in this script is not those 'hundred times in the future' tales—but the 'free in the present' stories.
Just happened to scroll to the news, Plasma has launched the US dollar trading pair on OSL, payment cards can swipe USDT at 150 million merchants, and it has connected NEAR Intents, allowing assets from 25 chains to be exchanged freely.
In a bull market, it’s all about stories; in a bear market, it’s about practicality. When the faucet is tightened, having cash in hand and transferring money for free is more effective than any grand narrative.
