BTC briefly fell below 97,000 USDT, a 24-hour drop of 5.02%. ETH fell below 3,400 USDT, a 24-hour drop of 7.97%. According to Coinglass data, the entire network had a liquidation of US$539 million in the past 24 hours, of which 481 million long orders were liquidated and 58.1195 million short orders were liquidated. Among them, BTC liquidated 102 million and ETH liquidated 118 million.
After checking, there is no bad news in the market, so this decline is more like a small black swan, and the mainstream coins just wiped out the gains of the past few days. The altcoins are different, and they have returned to the level before the rise, so it is too difficult to hold altcoins. Where is the bull market?
Today, the Fear and Greed Index dropped to 70, and it did not even touch 80 before it fell. This shows that this round of the main upward trend in 2025 is different from the rapid rise from November 6 to December 10, 2024. It is characterized by slow rise but long duration. This round of rise is expected to last for 6 months or even longer. Therefore, many people’s original plan to escape the top in March 25 may fail.
Three reasons for the big drop I found:
1. Trump may be sentenced before taking office as US President, and make many shocking statements
Early this morning, US President-elect Trump said that the transition from the Biden administration to my administration was not smooth. Because Judge Alan Gesmer of the U.S. Court of Appeals in New York rejected President-elect Trump's latest request to postpone the sentencing process for his "hush money" case. Trump's lawyers said that as the president-elect, Trump enjoys the same immunity from criminal prosecution as the president, but this view was rejected by the court. It is less than two weeks before Trump takes office as president. If the sentencing is not completed before the start of his second term on January 20, the presidential immunity may postpone the case until he leaves office. The court's ruling means that Trump's sentencing is still scheduled for January 10. However, Trump and his legal team said they will continue to seek legal means to postpone or cancel the sentencing.
Separately, at a press conference at Mar-a-Lago, President-elect Trump made several shocking statements in just one hour, escalating his rhetoric on sovereignty issues against Canada and other countries. He called for economic means to absorb Canada as part of the United States, did not rule out the use of force to seize the Panama Canal and Greenland, and demanded that NATO countries increase defense spending to 5% of GDP. He also vowed that if Hamas did not release Israeli hostages before he took office, "the Middle East would be in chaos." In addition, Trump promised to rename the Gulf of Mexico the "American Gulf." In addition to threatening to impose tariffs on uncooperative countries (including Denmark), he did not explain how these seemingly impossible promises would be achieved.
In response, many parties responded to Trump's remarks. Canadian Prime Minister Trudeau said that Canada could not become a state of the United States, and the country's foreign minister said that it would never back down in the face of threats; the Danish Prime Minister reiterated that Greenland was not for sale; the Panamanian president responded that he would not comment on Trump's remarks on the Panama Canal before Trump took office. Foreign media commented that Trump's remarks were consistent with a bolder attitude, that is, Trump believed that he had been authorized (by the people and the electoral college) to speak and act almost at will.
2. Large outflows from BTC ETF
On January 6, Eastern Time, the Bitcoin spot ETF had a total net inflow of US$987 million, ending three consecutive days of net outflows.
On January 7, Eastern Time, Bitcoin spot ETFs continued to experience outflows, with Grayscale GBTC having a net outflow of 125.4 million, ARKB having a net outflow of 212.6 million, Bitwise BITB having a net outflow of 113.8 million, and Franklin EZBC having a net outflow of 5.6 million.
In sharp contrast, the ETH ETF did not have a large net outflow like BTC. So someone quoted Robert Kiyosaki's original words: "BlackRock did not buy enough and deliberately lowered the price to below $100,000 in order to buy more."
3. US stocks plummet
First, the three major stock indexes, Nasdaq, S&P 500 and Dow Jones, all fell, with Nasdaq falling the most, by 1.89%.
Secondly, the seven "golden flowers" of the US stock market, including Apple, Nvidia, Tesla, Microsoft, Amazon, Google and Meta, all fell. Among them, Nvidia and Tesla fell the most, by 6.22% and 4.06% respectively.
Finally, crypto stocks fell more than the stock index and the seven golden flowers, with MicroStrategy falling 9.94% and Coinbase falling 8.14%.
In conclusion, it can be seen that the current market is not mature. The so-called crypto market is mature, but it is still a long way from being a truly stable traditional financial market.
But one advantage of an immature market is that you don’t have to wait for a long time to get the opportunity to buy at a low price, so you don’t have to feel like you have missed the entire bull market because of missing out.
The space I led fans to invest in a few days ago is now making continuous profits. Recently, there is also an insider currency news currency, which is expected to be launched in the next two days. Leave 333 to get on board
