Market Fluctuation

This drop is just a routine market fluctuation

Recently, Federal Reserve Chairman Powell stated that the Fed cannot hold Bitcoin, and Trump's government reserve plan has been hindered. The current market situation may be unclear for many; what is the 'truth' behind the current market decline?

The past two days have been a nightmare for all cryptocurrency investors, with Bitcoin dropping about 15%, dragging down the entire crypto market. Market sentiment quickly shifted from 'the bull market has arrived' to 'the bull market has ended.' But few know that this may be part of a government plan aimed at 'driving away' all the uncommitted holders from the market.

After Powell's speech, the market began to see a slight adjustment, as Powell indicated that the pace of combating inflation has slowed. These words imply that they do not intend to lower interest rates. It is well known that low interest rates are the key driving factor behind a bull market.

During the decline, Trump's campaign team has been actively hoarding assets. In just two days, they purchased over $70 million worth of ETH, WBTC, and other altcoins. This inevitably raises concerns about potential market manipulation. The market is overheated, and it is clear that the government decided to cool it down. This benefits both the market and the government, as hoarding Bitcoin at lower prices is much easier.

Considering all the information in the market, this drop is clearly just a routine fluctuation. It is necessary for the market, as when everyone is just holding, the market cannot continue to rise; what is needed now is a new wave of buying.

It is advised not to engage in blind trading at the moment. This is an unnecessary risk.

I am Shaohua, follow me for the latest updates in the crypto space.