With ETF listings, the mainstreaming of stablecoins, and more favorable regulations, why haven't these major positive developments ignited the market?

Wake up, recognize the current stage, and let go of misconceptions—open your eyes and see how the outside world prices assets. Santos, founder of Inversion Translator: Azuma; Editor: Hao Fangzhou Produced by: Odaily Planet Daily

In this cycle, those who follow cryptocurrencies will often see news headlines like the following: Undoubtedly, these are the kinds of developments we wanted to see, so why has the market fallen to such a terrible state? Why has the US stock market risen 15-20% this year, while Bitcoin has only experienced a rollercoaster ride of ups and downs? Why do you always end up getting deeper and deeper into losses with your favorite altcoins, even though the mainstream view no longer considers the cryptocurrency industry a scam? Crypto Twitter is based on the deeply ingrained assumption that "once institutions come along, regulations become clear, and giants are willing to issue tokens... all problems will be solved, and prices will soar to the moon." Okay, they did come, you've definitely seen it on the news, but you also see our current situation... In the investment field, there is only one truly crucial question: Has the market already priced in the positive news? This is always the hardest thing to judge, but market behavior is telling us a hard-to-accept fact: everything we wanted has come true, but prices haven't gone up.

Original Title: With ETF listings, the mainstreaming of stablecoins, and more favorable regulations, why haven't these major positive developments ignited the market?

Original Content: Wake up, recognize the current stage, and let go of misconceptions—open your eyes and see how the outside world prices assets. Santos, founder of Inversion Translator: Azuma; Editor: Hao Fangzhou Produced by: Odaily Planet Daily In this cycle, those who follow cryptocurrencies will often see news headlines like the following: Undoubtedly, these are the kinds of developments we wanted to see, so why has the market fallen to such a terrible state? Why has the US stock market risen 15-20% this year, while Bitcoin has only experienced a rollercoaster ride of ups and downs? Why do you always end up getting deeper and deeper into losses with your favorite altcoins, even though the mainstream view no longer considers the cryptocurrency industry a scam? Crypto Twitter is based on the deeply ingrained assumption that "once institutions come along, regulations become clear, and giants are willing to issue tokens... all problems will be solved, and prices will soar to the moon." Okay, they did come, you've definitely seen it on the news, but you also see our current situation... In the investment field, there is only one truly crucial question: Has the market already priced in the positive news? This is always the hardest thing to judge, but market behavior is telling us a hard-to-accept fact: everything we wanted has come true, but prices haven't gone up.

Summary: The text contends that despite positive developments like ETF listings and stablecoins gaining regulatory traction, market prices have not reflected these optimisms, suggesting a disconnect between news and asset pricing.

Author note: This rewritten piece preserves all quoted sentiments and factual references from the original while presenting them in a streamlined English narrative and structure.

PANews — 2025-11-19

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