#加密市场急跌 #JumpTrading转移资产 $ETH $BNB

The price of Bitcoin fell again, falling below the $60,000 mark. Ethereum was not spared and fell below $3,000. In the past 24 hours, market turmoil intensified, causing 72,712 investors to suffer liquidation, involving an amount of up to $232 million, of which long orders suffered particularly heavy losses, reaching $200 million. What are the deep reasons behind this drastic fluctuation?

The first factor is the US employment data released last Friday night, which performed far worse than expected, from an estimated 170,000+ new jobs to an actual 110,000+. Although the unemployment rate remained at 4.3%, this data change undoubtedly triggered widespread market concerns. The US dollar, US stocks and even the commodity market were all affected and declined to varying degrees.

Then came the market's adjustment of expectations for the Fed's interest rate cut.

It was originally expected that there might be two rate cuts this year, but now this forecast has been raised to three. However, the market's interpretation of the rate cut has quietly changed and is no longer a positive signal. On the one hand, the expected rate cut has become a reality, and its impact has long been digested by the market; on the other hand, the decline in the US inflation level may be accompanied by the shadow of economic recession, which is undoubtedly a double whammy for the stock market and the cryptocurrency market.

In addition, the transfer activities of the Silk Road Bitcoin address under the supervision of the US Department of Justice have also caused market uneasiness, especially the outflow of funds from the Ethereum spot ETF, which has exacerbated this concern. As of August 2, the total net asset value of the Ethereum spot ETF has dropped to US$8.332 billion, and the historical cumulative net outflow of funds has reached US$511 million. This data undoubtedly adds more uncertainty to the market.

Finally, the impact of the external environment cannot be ignored. The selling pressure brought about by the Mentougou incident is like a sword hanging over the head, threatening the stability of the market at all times. At the same time, geopolitical conflicts, such as tensions between Iran, Israel and Russia and Ukraine, have also added more instability to the market.

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