With the increase in the volume of Bitcoin open contracts and the continuous increase in key price points in the liquidation map, the market's divergence has begun to intensify further. Is the current rebound turning into a reversal, or is it the second distribution of the downward relay?

This article takes Circle's seven-year journey to go public as a clue, and deeply analyzes its growth potential and capitalization logic "behind the low net profit margin" from corporate governance, business structure to profit model.

Dual-driven paradigm shift, transparent game on the chain breaks the VC coin pricing deadlock.