#稳定币市场发展 Looking at this report, all I can think of is the scenes from 2017. Back then, we also experienced a similar "underlying currents"—on the surface, trading volume was sluggish and sentiment was low, but the derivatives market was quietly accumulating strength. As a result, a sudden reversal caught many off guard.

This time, the signals are even more interesting. BTC's RSI is at 43%, ETH at 44%, both indicating bullish signals, yet the stochastic indicator is showing the opposite. Such divergences have occurred several times in history, often signaling that the market is building up energy—key is which direction it will take.

Let me clarify the logic: ETF capital flows, stablecoin activity, and futures positions are no longer in sync, indicating that market participants' expectations are diverging. Usually, when stablecoin trading activity rises while other indicators lag, it means someone is quietly positioning themselves, waiting for a trigger point. And that trigger point—BTC is only 4.5% away from a reversal signal, ETH is 5% away—is not far off.

During the 2018 wave, I saw many people hesitating at the lowest prices. As a result, they missed out. What’s different this time is that the data provides us with a clearer warning. Changes in the stablecoin market are especially worth paying attention to—it has always been a sign of smart money. When this light starts flashing, it usually means a big move is imminent.

This January time window, history teaches us to stay alert.