OK, let's simply check the cause of last night's#BTC"flash crash".
Yesterday we made two guesses. At present, the second one is more likely. Biden's withdrawal from the election may increase Trump's chances of winning again, and also increase the positive sentiment in the crypto market.
But the sentiment is not single. Although Biden's withdrawal from the election makes Trump a more stable victory in name, because of Trump's victory in the previous competition concept, US stock or bond traders began to trade Trump's trading sentiment, but now that Trump's victory is basically certain, the market may suspend trading Trump's expectations.
At least the current rise in the price of 10-year US bonds is partly caused by this factor. It depends on whether US stocks will continue to follow this sentiment in the evening.
By the way, no one really shouted for a "waterfall" when BTC flashed last night. Yesterday's rebound speed was very fast in the short term. Although liquidity was low on weekends, the reaction of US trading time was still relatively fast. From this point of view, my second guess may not be without reason, right?
