Have you thought about it? If Bitcoin falls to 60,000, a lot of people will definitely go crazy with leverage to buy the dip. But what if it continues to fall to some lower number—far below 60,000—what will happen?

At this time, the trading volume between buyers and sellers may be more vigorous than before, but what is being consumed? It is market sentiment. Continuous falls are like chronic blood loss, gradually draining confidence.

In the final analysis, the value of cryptocurrency is supported by two things: liquidity and market recognition. It is essentially a tool. Bitcoin is currently priced high, and its actual payment function has weakened, with more people treating it as a means of value storage. But here comes the problem — whether institutional investors or retail investors, any party withdrawing will be negative for BTC.

So I think that, taking advantage of the current market situation, governments around the world should launch official stablecoins pegged to their national fiat currencies. By integrating the stock market and central banks into the crypto market, we can enhance structural stability. This will not only curb excessive speculation but also put an end to those projects that issue coins recklessly.

The virtual world will eventually need to be linked to the real world; otherwise, the bubble will burst sooner or later. The future of mainstream coins like CFX, BTC, and ETH may lie in the integration of regulatory frameworks and the real economy.