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

BlockBeats News, November 18th, Wang Feng, the founder of Blueport Interactive, said today that he has been quietly buying the dip since Bitcoin dropped below $100,000, bottom, bottom, bottom... (meaning an endless dip).

He also stated that if we ignore external factors such as regulations and the cash-out from the US stock market, focusing solely on the internal dynamics of the cryptocurrency market, today's priority is on stablecoins that will be heavily featured in the big annuals of 2025. Regulatory clearance does not necessarily indicate market prosperity, and the scale of minting among various projects does not equate to liquidity in real use cases. Issuance is one thing, application is another. It is essential to observe the application and performance of stablecoins in the market. The true determinant of the next bullish direction of the cryptocurrency market from an internal perspective lies in whether there is strong demand for stablecoin market liquidity. We look forward to seeing more media and research institutions release updates, data, and briefs on the stablecoin market.