The economy is not very good now, and it is often not felt from the data.
You may feel that everyone is under great pressure this year and is tightening their belts.
Even institutions have been appropriately withdrawing some cash these days, especially Bitcoin ETFs, which have seen large outflows, with the largest outflow from BlackRock, which lost $138 million on Christmas Eve.
Thirteen has read a lot of information, and many people have analyzed this behavior. In summary, there are two reasons:
One is the hawkish attitude of the Federal Reserve. Inflation has not been effectively controlled, and expectations of interest rate cuts have slowed down. Then the market's risk aversion will increase, and Bitcoin, as a risky asset, will inevitably bear the brunt.
Secondly, the US dollar money supply has fallen by $4.1 trillion since its peak in October.
It has exacerbated panic and caused this wave of Christmas robbery.
However, Thirteen feels that these negative effects may be the main force acting. After all, these risks are almost obvious, and there is no need to appear at this time. Is it a coincidence?
There is no coincidence in the currency circle.
After more than 13 years of experience in the cryptocurrency industry, I know that when the market is constantly negative, the main force will secretly buy.
The timing is just right. From Christmas to Trump's inauguration, the main force has enough time to create panic and quietly absorb funds.
After Trump takes office, the good news for cryptocurrencies will come one after another.
However, there are too few negative news in the market now, so the main force has to create some out of thin air, plus some data support, which is enough to put great pressure on the leeks.
Therefore, no matter how the market fluctuates, you must not move.
You can buy at a low level, sell after it goes up, and continue to maintain a good cash position.