Bitcoin plunged 15% in two days# Bulls out of control, bubble burst?
Bitcoin has recently fallen from its historical highs, falling more than 15% for two consecutive days, hitting a low of $92,000, and countless people have been liquidated! Altcoins such as Ethereum and Dogecoin have been hit even harder. ETF funds saw large-scale capital outflows for the first time this week, and market optimism has cooled significantly.
Si Jin Comment: Although analysts call the pullback "typical", it is actually the Fed's hawkish turn that has suppressed speculative enthusiasm this time.
Bitcoin has no real currency attributes, only "asset attributes", but this asset relies on cryptography and the Internet. Once AI supercomputing or quantum computers develop further, the cracking of encryption technology may become a reality, and the "belief" that supports the price of the currency may collapse. Investors (actually speculators) should be wary of bubble risks and avoid becoming the last baton holder in the game of passing the parcel. Treat it rationally$BTC #美联储放鹰
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