#稳定币市场动态 Looking back at past stablecoin cycles, you can always see history repeating itself. This time, the WLFI rally and the potential ETH short squeeze analyzed by Yilihua remind me of the bull market at the end of 2017. Back then, the stablecoin market was still immature, and ETH soared from $300 to $1,400. Now, the market structure is vastly different, with more stablecoin options, ETF products, and gradually clearer regulations.

Although ETH is currently under short-selling pressure, its value is severely underestimated in the long run. I believe that once we get through the tough period in November, a short squeeze is very likely to occur. This reminds me of the rebound in early 2018, when many people overlooked the importance of accumulation at the bottom.

However, we also need to be wary of another side of history—the risks of excessive optimism. I remember after a brief rebound in January 2018, the market entered a bear phase that lasted over a year. So even if you’re optimistic about the future, it’s important to stay rational and manage risks well. After all, in this rapidly changing market, past experience may not fully apply to the present.