Although I haven’t talked about funding data for a long time, I’ve still been keeping an eye on it. Both USDT and USDC are actively increasing their market caps, which is completely normal. Nowadays, simply using funding volume to predict price trends is no longer accurate. Most of USDT’s assets aren’t actually used for cryptocurrencies, while USDC has been continuously expanding its reserves due to its listing. Moreover, investors are focusing more on Trump and the Fed, Trump and tariffs, as well as Trump’s battles with other adversaries. As long as Trump hasn’t fallen and can still make noise, the market won’t be too bad—unless we truly enter a period of economic recession. This post is sponsored by Bitget ｜ @Bitget_zh