Hang in there! The Americans have given BTC and ETH another boost! 😭 In a Q&A report released yesterday by the CFTC, it was explicitly stated that futures brokers are allowed to use clients' cryptocurrencies such as BTC and ETH as margin, with a maximum discount rate of only 20%. Previously, whether institutional or retail investors wanted to trade futures in crude oil, gold, stocks, etc., they had to use US dollars as collateral, forcing them to sell their BTC and ETH to obtain US dollars, and then deposit them into the brokerage firm as margin. But now, I can directly collateralize my BTC and ETH with the brokerage firm and open positions at 80% of their corresponding value. This new rule can significantly reduce selling pressure from users holding BTC and ETH in the futures market and can also bring in new buying pressure to some extent, as capital utilization efficiency will be higher, especially during market uptrends. Users can buy BTC and ETH and hold them for further price increases while simultaneously using them as collateral to open positions.