The recent market crash reveals the following truths:
1. US macroeconomic data has no substantial impact on the cryptocurrency market, they are mainly effective for US stocks. Even if the US stock market continues to rise, the cryptocurrency market may still plummet, and there is no necessary synchronization relationship between the two.
2. During the bear market crash, many traditional bottom-picking indicators fail. Even if a token has fallen by 70%, it may still fall further to the original 70% level, which shows the extremely unstable nature of the market.
3. ETH has not yet launched an ETF, but its price has fallen to the level before the launch of the ETF. In a bear market, even the US stock ETF cannot drive the market up.
4. In the cryptocurrency market, only BTC has real market performance. When the BTC price plummets, the only real reflection of its value is the US dollar.
These truths indicate the risks and uncertainties in the market. Investors need to carefully assess the risks and adopt corresponding risk management strategies.
