The crypto market in August was in a state of news-driven short selling, especially last night when global assets were rising and almost no assets were falling. Only Bitcoin was falling, and it was a big drop. What's going on? Maybe the liquidation of Mentougou is still going on, or the US government is selling. The worst case scenario is that the dog dealers are maliciously manipulating the market, cutting leeks, and forcing short selling to absorb funds.

Last night, the United States announced the unemployment benefit collection situation, and the result was lower than expected, indicating that employment is strong and the economic recession has not yet come. U.S. stocks and Bitcoin also rose at the same time, but after 0 o'clock, U.S. stocks and Bitcoin parted ways, one up and the other down, completely two directions. It can only be said that the currency circle is too affected by the operations of giant whales. The crypto market and U.S. stocks are completely decoupled. The trend is no longer limited to the U.S. economy and whether the Federal Reserve will cut interest rates. What the giant whales and institutions see clearly is that new coins on large platforms are launched in large numbers to reap the profits in the secondary market, and then they are continuously removed from the shelves in the name of non-compliance, especially the frequent unlocking of altcoins in 2024. At this moment, the altcoins should not be operated. KP92877 is retained, and attention should be paid to changes in the news.