Circle has reached a new high again, and I feel very uncomfortable stepping into the air. In terms of market value, Circle has already surpassed half of Coinbase, which is quite outrageous. The main reason for going short is that I overlooked the emotional trading aspect of the US stock market Meme. As the only stablecoin target currently available, Circle's scarcity has led to market makers rushing to raise funds, without considering the reasonableness of its valuation. This is extremely similar to the logic of Meme. The sentiment is more important when it comes to new stocks in the US. Learn, practice.