The breakthrough in stablecoin market share is indeed worth paying attention to. According to the data, USDT's market share is breaking out of its long-term downward trend, while its supply is also contracting on the weekly chart. This situation is usually not favorable for the formation of a sustained upward trend. Combined with the current technical analysis of Bitcoin, $103,500 seems to be a key watershed level. If this level cannot be breached, it is likely that a lower high will be formed, triggering a new round of decline. We need to closely monitor stablecoin liquidity and large capital movements to determine whether the market has enough momentum to break through resistance in the short term. Investors are advised to remain cautious and practice sound risk management.