Wang Feng: I Started Buying the Dip Since Bitcoin Fell Below $100,000

2 hours ago

On November 18th, Wang Feng, the founder of Blueport Interactive, stated today that he has been quietly purchasing during the Bitcoin's decline below $100,000. It seems to be a never-ending dip. (He emphasized the continuous downward trend.) He further added that if we set aside external factors such as regulations and the cash-out from the US stock market and only focus on the internal dynamics of the cryptocurrency market, the current priority is on stablecoins, which will play a significant role in the major annual events of 2025. Regulatory clearance does not necessarily mean market prosperity. The scale of minting among various projects does not equal the liquidity in real use cases. Issuance is one aspect, and application is another. It is crucial to observe the application and performance of stablecoins in the market. From an internal perspective, the true determinant of the next bullish direction of the cryptocurrency market lies in whether there is a strong demand for stablecoin market liquidity. We look forward to seeing more media and research institutions provide updates, data, and briefs on the stablecoin market.

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