In the past couple of days, many people should have liquidated their positions and left, with the offshore RMB exchange rate around 7.25. However, yesterday the over-the-counter trading price of USDT reached 7.16, and the borrowing rate also adjusted. Many people should have cashed out, indicating a demand for withdrawals.
After this wave of people left, today the performance continues, and the current C2C price has risen back up, even more so, with the borrowing rate also above 20% again.
In a bull market, it's better to take fewer actions. I personally just occasionally check those long-term indicators and basically sell off in batches. If I can't stay idle, I play with small positions in memes; it's quite interesting and really can be quite engaging.

Just bought a Meme $KITH. This morning I noticed a lot of smart money entering my watchlist, so I took a look at the narrative and entered a bottom position, and it hasn't even pulled back. Currently, I've taken profit.
Narrative: An illegal immigrant in the U.S. threw a friend's dog off a building, killing it, a political topic that coincidentally hits the immigration policy reform.
It's easy to associate this with $Pnut, especially since it has a market cap of over a billion. However, the immigration narrative is definitely not as strong as the narrative of saving America. A drop of a few million isn't a big problem. Now let's see if Trump and Musk will mention it.

Are you all looking forward to the altcoin season?

Seeing everyone in the square shouting for 100k, it might take some time to reach that level, it might not break through quickly as market expectations are too strong. It could fluctuate around 80-90k.
However, whether BTC reaches 100k or not no longer affects the rise of altcoins; there are too many coins breaking through lately. At this time, the strong altcoins are the first to take off; take a look at those small market cap strong altcoins, and who knows, we might see another GAS TRB like last year.
Meme coins still look promising, both first and second tier have opportunities. If you are young and quick to react and learn well, then go check out the first tier.
The general rise of altcoins still feels a bit lacking; many old coins are too heavy, or the strong hands simply don't have the strength.
One good thing about Binance is that there is a delisting mechanism, which can slightly control the number of tokens on Binance, otherwise it would be too scattered. However, in the next two months, there will be several star projects for TGE, and launchpool will continue, so everyone can stock up on some FDUSD at lower prices.
Today, the Ethereum ecosystem was the first to rise, proving that the market still has confidence in Ethereum. Holding Ethereum requires patience; the Pectra upgrade at the beginning of next year might just provide a good opportunity for a wave of buying.

$USUAL As expected, Binance will drop as soon as it opens, and Gate has already made a short arbitrage in advance. This wave has already risen by a small 30%. Gate must mint at a price of 1u, which has reduced the utilization rate of the principal.
BTW, Gate's price has always been higher than Binance, which can also be arbitraged.
It is estimated that there will be a drop when the official TGE occurs.
In terms of market capitalization comparison, isn’t everyone looking at MKR? Are they only looking at ENA? Shouldn't the RWA stablecoin be focusing on MakerDAO? Ethena doesn’t really count as RWA; it’s just a funding rate arbitrage model.

Everyone is shouting for $USUAL to reach 0.5, where should MKR be placed? The TVL stablecoin market share can't compare to MKR. If we still play the high FDV low MC game, won't we get scolded to death? Who said that the returns from each launchpool must be similar?