On January 30, Binance announced that it will gradually convert its original $1 billion stablecoin reserve into Bitcoin, with plans to complete this within 30 days; if the market value falls below $800 million due to volatility, it will supplement BTC to restore it to $1 billion.

The historical similarities are astonishing, but they will not repeat. Last time, Binance did the same, indicating that it has not yet fully declined, and this news indirectly tells everyone that Bitcoin is heading towards the 7k range. There will be major storms and significant turmoil ahead.

This amount of money is very limited. ETFs have already surpassed 100 billion, and the current market is different from four years ago. So don't think this is good news; the bigger challenges are still to come.

I haven't had time to organize my thoughts. Basically, many people in Ethereum have probably been liquidated. Friends, OG whales, etc., should be close to death or already dead. The temptation of contracts is very strong; newbies should not play with contracts. If your understanding is not sufficient, and your skills are lacking, do not engage in contracts without proper mental preparation.