Analysis of the recent crypto market decline:

The recent market decline was actually foreseen by experienced old investors. The main reasons are as follows:

1. The Fed’s interest rate cut news has not yet arrived: The Fed has not yet announced the interest rate cut news, resulting in a lack of new capital inflows in the market and a serious lack of liquidity in the market.

2. The wave of unlocking old VC altcoins: This year is the year of unlocking old VC altcoins, facing the pressure of unlocking a huge amount of tokens. At the same time, the newly launched high-valuation altcoins continue to extract market liquidity, and the high point is reached as soon as they are launched, further eroding market confidence.

3. The German government frequently smashes the market and the Mentougou incident: The German government has been selling thousands of BTC every few days. Coupled with the impact of the Mentougou incident, the current market liquidity is completely unable to bear this kind of selling pressure. From the candlestick chart, both the daily and weekly lines of Bitcoin are shown to be in the top area.

Viewpoint analysis: The combination of these factors has put pressure on the market, and the volatility and uncertainty of the crypto market have increased. #ZEN #BTC☀ #MtGox转移到未知钱包 #GFT #mln $BTC $ZEN $GFT