$CRCL rose 75.36; up 5.531% over 24 hours; open positions at 1,011,349.36; the funding rate is zero.

Regulatory and fiscal expectations first rewrite the risk premium of the US stock market index, then push sector rotation, and ultimately map to assets on-chain. Price is up, yet there’s no crowding in funding—I think it’s still a re-pricing driven by policy expectations.

Hold 75.36. I’ll use 75.36 yuan to place a trial order; if it breaks below, I’ll pull out—I won’t chase the rally.

Trading tag: #TradFi #链上美股 #CRCL

How long do you think this round of policy tailwinds can last?