The Zhitong Finance App learned that Bitcoin's current pricing is no longer determined by the crypto market itself. Over the past 48 hours, three clues have played against each other: one of the most famous crypto traders made a U-turn to increase positions before Anthropic's listing, a well-known TV institutional investor said stablecoin adoption had stalled, and on-chain data companies counted $142 billion in stablecoins leaving the market within 30 days.

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