The pancake has quietly returned to 71k
Looking through the comments section of various market software, everyone is talking about the easing of the US-Iran situation, believing that a peace dove is pulling up the market
This habit of trading coins based on news broadcasts is truly the root of being trapped
Wall Street's funds never pay for geopolitical sentiment; they only pay for certainty
The real foundation of this rebound is actually the compromise from the Clarity Act
Recently, regulators slightly hinted at wanting to limit the yield on stablecoins, and the market scared itself
This caused Circle's stock price to plunge into a deep pit
As a result, Bernstein released a report these past two days revealing that the issuers weren't seriously hurt, and Circle's stock price rebounded by over 7%
This is a very typical example of using information asymmetry to wash the market
Retail investors are looking at macro battle reports and regulatory bad news, cutting losses at low positions, while institutions are seeing the bill about to be implemented, the compliance path cleared, and are frantically scooping up chips below with bags
You need to understand the market structure of 2026. Stablecoins are no longer just simple trading mediums
They are the liquidity heart of the entire industry and the cash cows that old money values most
As long as the compliance license for this heart is secured and the profit model is not destroyed, no matter how fierce the bombardment outside is, it is just a short-term needle in the market
At this point, asking in the group “Is it a washout or a bull return” is meaningless
You just need to know that even institutions dare to bottom out Circle's equity when bad news is flying everywhere, which shows that the underlying cash printing machine of this circle is still operating at high speed
Don't mess around. At this position, the anxiety of missing out is often more fatal than being trapped.