#稳定币应用与发展 Seeing the news that Huabei has downgraded the target prices for crypto stocks, I have to say a few words. This is quite typical—the Wall Street crowd is bearish on one hand, while quietly positioning on the other. Circle's target price has dropped from $243 to now $83, and MicroStrategy from $485 to $325. It looks fierce, but upon closer reflection, it actually indicates that institutions are shifting their chips.

I've been cut many times, and the deepest lesson I've learned is: don't be fooled by institutions' downgrades and bearish outlooks. Their target price cuts are often to lower expectations, then quietly buy in at lower levels. The real danger has never been these proactive price reductions, but those projects that suddenly explode or crash unexpectedly.

I've always paid attention to stablecoins because they are essential for survival on the chain. USDC and other truly reserve-backed stablecoins are actually safe havens in a bear market. My advice is not to be blinded by short-term fluctuations, but to focus on a project's ability to generate value and risk prevention. Citibank still has a positive outlook on this sector, indicating that the fundamentals haven't changed—it's just waiting for the right opportunity to buy in.

Anyone who has gone through several cycles understands that at such times, it's easiest to fall into traps—either panic selling or FOMO buying. Calm down and clearly see what you hold; that’s more important than anything else.