I drank too much yesterday, and I also drank quite a bit today. I've had eight taels of alcohol in the past two days. Fortunately, I woke up when I started writing, but it still took some time. Drinking too much can make you talkative, please understand. The focus today is not on the macro level, but on the insights provided by RobinHood and xStocks. Although their impact on prices is not very profound, they have opened the door for on chain brokers in the long run. This track is one that I personally have great confidence in. Of course, xStocks is not compliant in the United States and cannot allow American users to trade. Although it may not seem like a problem and the trading is also in US stocks, it still lacks the funding effect brought by compliance. However, this model is convenient for many stablecoin holders to purchase US stocks. Another friend asked why there was any information about MSTR rising more than 5.3% today. In fact, I searched for a long time but couldn't find any content. I saw some overseas media say it was because MSTR bought BTC. Actually, this should not be a big deal, after all, Michael announced it at 20:30. Although there was a slight increase before the market opened, it fell at the beginning and only started to rise six minutes after the opening. So it should not have much to do with buying BTC. My personal guess is that investors who bought CRCL and Coin should return to MSTR, after all, MSTR represents Bitcoin on the US stock market. The cyclical market of CRCL and Coin, especially the possibility of CRCL, may have ended. Of course, this is my own guess and may not be accurate. While writing here, I suddenly came across Circle's application for the National Trust Bank license in the United States, which would be a significant benefit for CRCL. Of course, it only counts if it is approved, otherwise it would be meaningless. I have posted two separate tweets to share, and interested friends can take a look. Link: https://(x.com)/Phyrex_Ni/status/1939782271283652500 Looking back at the data of Bitcoin, there was no significant change in the price and turnover on Monday. It was only because market makers became more active after working days, and the actual trading volume was not very high. The market is still waiting for changes in direction. I have made some changes to the supporting data. The primary support range of $93000 to $98000 is still the safest support level, followed by the new support range of $103000 to $107500. From now on, the stability of both ranges is still acceptable, but the latter is still dominated by short-term investors. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex