#稳定币监管 Seeing reputable institutions like PwC begin to seriously deploy in the digital asset space, my first reaction is— the gradual improvement of the regulatory framework is changing the confidence structure of the entire market.

There is an important signal behind this: when large traditional institutions shift from "cautiously observing" to "actively participating," it usually indicates a systemic change in risk perception. Especially as regulatory details around stablecoins become clearer, this is actually a positive signal for long-term participants— because with clear rules, more robust expectations can be established.

But I want to remind everyone that this institutional-level entry should not be a reason for us to chase highs. On the contrary, it should make us think more calmly about a few questions: when participating in any emerging asset class, is our position size reasonable? Have we adequately assessed our risk tolerance? Have we truly developed a long-term mindset?

Regulatory improvements and institutional deployment are positive factors, but they change the market's maturity level, not the fundamental principles of risk management. Safe asset allocation has never been about following big institutions; it’s about first understanding how much volatility you can withstand, then deciding how much to invest. Reversing this order can turn even the best opportunities into traps.