Do you really think it's that simple in the cryptocurrency world? It's not.
Because stablecoins are no longer just "trading tools," but rather: A channel for escaping An informal foreign exchange system A parallel dollar network
The functions it undertakes have already exceeded the limits of what the RMB system can bear.
Regulators are focused on systemic risk, The market is focused on efficiency. In 2025, these two logics will officially collide.
Why did China suddenly crack down on stablecoins this year?
In a nutshell: Money is quietly flowing out, and it's moving too quickly.
By 2025, China estimates there will be $150 billion flowing out. It may not sound like much, but it accounts for 0.8% of GDP, which is a red line for any economy.
What does this number mean? ≈ The annual profit of "China Tobacco" ≈ Half of the national land finance ≈ 60% of military spending
To put it more bluntly: 1, National smokers get a year of free smoking 2, Military spending has been cut off at the knees
This is not "volatility"; this is "leakage."
💵 The outflow structure is even more eye-catching 💵
Out of the $150 billion, only 40% is compliant trade. The remaining 60% is gray or illegal flows: 1, Underground banks: $45 billion 2, Virtual currency: $37.5 billion Among which stablecoins ≈ $30 billion 3, Other small channels: $15 billion
The reason stablecoins are under close scrutiny is that:
It has become the cheapest, fastest, and hardest-to-trace "shadow foreign exchange system." What traditional money houses can do in 10 days, it can accomplish in 10 minutes.
So, don't take your cryptocurrency trading money too seriously, The main reason for the outflow is through stablecoins.
Why did China suddenly crack down on stablecoins this year?
In a nutshell: Money is quietly flowing out, and it's moving too quickly.
By 2025, China estimates there will be $150 billion flowing out. It may not sound like much, but it accounts for 0.8% of GDP, which is a red line for any economy.
What does this number mean? ≈ The annual profit of "China Tobacco" ≈ Half of the national land finance ≈ 60% of military spending
To put it more bluntly: 1, National smokers get a year of free smoking 2, Military spending has been cut off at the knees
This is not "volatility"; this is "leakage."
💵 The outflow structure is even more eye-catching 💵
Out of the $150 billion, only 40% is compliant trade. The remaining 60% is gray or illegal flows: 1, Underground banks: $45 billion 2, Virtual currency: $37.5 billion Among which stablecoins ≈ $30 billion 3, Other small channels: $15 billion
The reason stablecoins are under close scrutiny is that:
It has become the cheapest, fastest, and hardest-to-trace "shadow foreign exchange system." What traditional money houses can do in 10 days, it can accomplish in 10 minutes.
So, don't take your cryptocurrency trading money too seriously, The main reason for the outflow is through stablecoins.
Meituan, Alibaba, JD The three major platforms added marketing expenses of 164.9 billion yuan in the second and third quarters (Meituan 34.3 billion + Alibaba 66.5 billion + JD 21.1 billion + second quarter 43 billion), profit loss only reflects the decline in profitability, the actual "burning money" far exceeds 80 billion.
So, I want to ask: binance, okx, coinbase, bitget, bybit…… exchanges. btc, eth, doge…… large holders. Why don't you engage in business competition?
If you could also put out 100 billion to start a business competition, wouldn't there be a season for counterfeit phones?
For example: in the situation these past two days, with a fluctuation of one point, opening a position and it might take half a day to gain a tiny profit, purely a waste of brain cells.
Let me briefly talk about the market: three points
1. Real-time situation, the fluctuations are very small, just one or two points of fluctuation every day, everyone can play with small positions. Bitcoin, pay attention to small support around 90000 and small resistance around 94000. There is no need to play with large positions, don't let these small fluctuations affect your mood.
2. There is a high probability that interest rates will still be cut in December, and the market will likely start speculating in advance. There is a good chance that it will first rise and then correct.
3. Altcoins are dead. Because domestically there is no crackdown on new investors, without new investors, there is no altcoin season.
In summary, be sure to take advantage of the rebound to withdraw in the upcoming time.
This mainly targets: Domestic low-level scammers, trading platforms, pig-butchering scams, cashback leads, local dog coin issuance...
Mainly because many domestic investors are really newcomers, with very low IQs, being exploited and even counting money for others.
Why is there no counterfeit season this year? The reason is simple: it's due to the crackdown from Dongda, which directly resulted in no new investors. In 2017 and 2021, WeChat, Weibo… were all able to talk about coins freely without account bans. Platforms dare not exploit Americans; domestic investors have no new blood due to the crackdown, so platforms directly exploit the old investors.
Everyone remember, without domestic investors, there are no counterfeit machines. The most valuable investors in this circle are Americans and Chinese.
China's cryptocurrency environment In the past two years, it will only become tighter. For most ordinary people, I think this policy is correct, altcoins are indeed quite similar to scams. Bitcoin has also touched contracts, and it is quite similar to scams.
For most practitioners and lucky players, the only thing they can do is: Prepare a way out in advance, with multiple identities and multiple passports, prioritizing safety.
Binance has directly moved US stocks, Hong Kong stocks, and gold onto the blockchain! The secondary market can also directly buy all gold and some US stocks...
Now you can buy US stocks and Hong Kong stocks on the blockchain, In the future, everyone's junk altcoins will definitely have no way out.
1. Today's real-time situation: Today is Thanksgiving in the United States, and the US stock market is closed. Bitcoin, Ethereum, and Dogecoin only have market liquidity, so the volatility won't be too large.
2. Looking at the current situation, the probability of an interest rate cut in December has already exceeded 80%, which is somewhat positive.
3. In December, there may be a few altcoins that could help everyone break even, but the pace will be very fast. Most altcoins are beyond saving, just give up.
In short, the market is currently flat, and in the short to medium term, I hope to give everyone a slight chance to recover their investments, but don't have too high expectations; there is hope.
Last week's big drop did not cost much. The main thing is that it crushed the last hope of the counterfeit players. The most important thing is: it rubbed away everyone's confidence and courage. For example, if you look at the last two days, although there is a rebound, the market is particularly, particularly cold because many people have really given up this time. $BTC $ETH $XRP #加密市场回调 #比特币波动性
Let me talk about the recent market: three points.
1. Liquidity is the most important. Bitcoin was an outflow yesterday, Ethereum was an inflow yesterday. Therefore, under the premise of following the levels, go long on Ethereum and short on Bitcoin.
2. Short-term trading In real-time, it is still advisable to go for short-term trades. In the stages, it is better to only do swing trades,
3. Major market trends In a major market, one must prepare for the worst and accept the reality of a bear market from the heart. As for the probability of a bull market, it can only be said to be extremely low.
In short, it is temporarily a rebound, but only for swing trades, just in case.
Not a single rebound, who is really hammering the market?
Recently, it has always been Asian market rallying during the day, and American market hammering at night. Today, the Asian market directly hammered early, how will the Americans hammer later...
Some people say Bitcoin will reach 74000, I think it's unnecessary to smash it like this.
At this stage, the two numbers I mentioned are enough for everyone, and I believe they won't be broken. 88000 and 83000-84000 are also not based on support judgment.
Many people like to wait for major support, such as 74000, which is a significant weekly support, but the reality is that major support usually doesn't get reached, when it does, it's generally meant to be broken.
There is an internal message: A certain third-tier company called ~Tea has indeed encountered problems, and there is a possibility of bankruptcy. I don't know if we can withstand it this time...
My advice to everyone is to withdraw your own money; a gentleman does not stand under a dangerous wall.