The next wave of the crypto bull market might be driven by U.S. stocks. During this bear market, exchanges have been focusing on U.S. stocks because the low entry barrier has attracted a ton of retail investors from platforms like Xiaohongshu, Douyin, Kuaishou, Weibo, and Video Accounts to buy U.S. stocks. Binance released data a few days ago showing that within 30 days of launching U.S. stocks, the asset scale had already reached $1 billion. Currently, Binance offers over 7,000 stocks and ETFs, with 740 of them actively traded. Binance officially announced that 73% of its U.S. stock users come from emerging markets, which aligns with the channels I mentioned earlier. Interestingly, over 71% of the stocks are allocated to the tech sector, with a large portion concentrated in semiconductors and storage. No wonder this wave of market shakeout has been so intense—there are just too many retail investors! On Binance, it’s not just U.S. stocks; there’s also Bitcoin and a whole range of crypto assets. When $BTC and all these altcoins start going wild, these people provide the strongest liquidity. So, in my opinion, the intensity of the next bull market should surpass the previous one.