$BTC

Recently, Bitcoin no longer closely follows the US stock market, and has shown an independent trend. Two days ago, when the US stock market rose, Bitcoin fell instead; today, although the US stock market continued to rise, Bitcoin showed a negative trend.

Another thing worth noting is that although it is generally believed that the US interest rate cut will lead to an economic recession, the US dollar continues to appreciate. Generally speaking, interest rate cuts will cause the US dollar to fall, and the US dollar will rise when the economy improves, but this is not absolute.

Observing the rise of US stocks and the strengthening of the US dollar, we believe that the US economy is still strong in the near future. Therefore, we need to be wary of the risk of Bitcoin decoupling from US stocks. It is possible that Bitcoin will experience a sharp correction if the US stock market continues to bullish.

Regarding the flow of funds, some people believe that it is the blood sucking of the A-share market (mainland China's stock market) that causes funds to flow out of the currency circle. Although I cannot count the specific outflow amount, the actual decline of Bitcoin is not large.

If the US stock market continues to rise and Bitcoin falls, will it trigger the blood sucking phenomenon of the US stock market? It is worth noting that the United States has a Bitcoin ETF of up to US$50.3 billion, while Hong Kong has only US$200 million at most, which is a far cry from the order of magnitude.

In addition, I believe that the amount of funds entering the market in the United States will not be less than that in my country. If this part of the funds withdraw or partially withdraw and invest in US stocks, what kind of market reaction will it cause? We are more worried about the trend of US stocks.

In addition, the USDT exchange rate has also been inverted. The RMB exchange rate is between 7.1-7.06, while the price of USDT on the Binance exchange is 6.91-6.93. In the long run, this phenomenon is worrying. Based on experience, the premonition is not good. In contrast, USDC remains around 7.10.

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