At present, the upward trend of Bitcoin is still relatively healthy, and it is not a big problem if it does not fall below. The main reasons for the decline are as follows:

1. The turnover rate of investors with a holding cost of less than US$60,000 is less than 10% of the total. Most of the turnover is provided by loss-making investors. The BTC stored in the exchange has once again refreshed the lowest stock value in nearly six years. Therefore, this decline is more due to panic stop loss and liquidation leverage explosion contract level reasons!

2. The next step of the Federal Reserve, that is, the expectation of interest rate cuts is pessimistic. Many financial institutions have expected that the Federal Reserve’s first interest rate cut will be in November.

$BTC #非农就业人数高于预期 #美联储何时降息？