#稳定币扩张与应用 Seeing Bitcoin re-establish above $90,000, my first reaction is not excitement but a reminder to stay calm. Those who have experienced several bear markets know that this kind of "resilient rebound" is most likely to impair judgment.

The news mentions the return of spot ETF funds and institutional rebalancing, which are indeed substantial supports. But what’s more noteworthy is the phrase—"The expansion of stablecoins linked to US bonds is seen as an important channel for international funds to flow back in." I must be honest, there’s something to be cautious about here: large-scale expansion of stablecoins often accompanies a liquidity easing cycle, and during such periods, FOMO emotions are most easily triggered, and retail investors’ stop-losses are most frequent.

I used to be confused by statements like "institutions continue to allocate," thinking that following the institutions could help avoid risks. But I found that their "rebalancing" sometimes signals they are reducing positions at high levels. Whether the resistance at $95,000 can be broken or Bitcoin can hold the support at $91,500—these numbers are critical, but what’s more important is that you have a clear stop-loss point and are not hostage to the expectation of "new highs in Q1."

During short-term consolidation days, don’t rush to chase highs. The secret to surviving on-chain is: always remember that your principal is more valuable than expected gains.