Here’s the weekend timeline that led to today’s crash:
👇
▫️ S&P cuts Tether stablecoin rating to ‘weak’
▫️ Japan 10Y yield hits 2008 peak
▫️ China vows crackdown on virtual currency, flags stablecoin concerns
▫️ Trump warns Venezuela airspace closure
▫️ $3M in ETH sent to Tornado Cash after Yearn yETH attack
▫️ MicroStrategy hints at possible Bitcoin sale
TODAY'S MARKET DUMP MAKES ABSOLUTELY NO SENSE.
$BTC suddenly dropped $5K and $ETH dropped below $2.8K, while alts dumped 10%-20%.
$500M+ in long positions got liquidated.
$200B got wiped out from the crypto market in a few hours.
But there was no big news.
Trump didn't announce any new tariffs.
Powell didn't get hawkish.
Fed rate cut odds didn't go lower.
Saylor didn't sell any BTC.
USDT didn't depeg.
But still, the markets dumped like some large entity is panic selling.
And this is what repeatedly happened after the October 10th crash.
Since then, the liquidity has become thin, and major players have pivoted towards the stock and precious metals.
Spot demand has faded, and the existing whales are selling their bags.
And that's the market behaviour when a bear market starts.
Good news, bad news, no news; everything brings a dump only.
As I have said before, we might see another relief rally, but the crypto market is cooked for some time.
1.13万
20
本页面内容由第三方提供。除非另有说明，欧易不是所引用文章的作者，也不对此类材料主张任何版权。该内容仅供参考，并不代表欧易观点，不作为任何形式的认可，也不应被视为投资建议或购买或出售数字资产的招揽。在使用生成式人工智能提供摘要或其他信息的情况下，此类人工智能生成的内容可能不准确或不一致。请阅读链接文章，了解更多详情和信息。欧易不对第三方网站上的内容负责。包含稳定币、NFTs 等在内的数字资产涉及较高程度的风险，其价值可能会产生较大波动。请根据自身财务状况，仔细考虑交易或持有数字资产是否适合您。