The market is panicking, a sell-off is coming, will the price of BTC collapse? Escape or buy?
The Block reported that the Nasdaq ISE exchange also withdrew its proposal to list and trade options on spot products of Bitcoin and Ethereum. The official website of the US Securities and Exchange Commission (SEC) said that the proposal was published for comments on August 12, but no one commented, and the exchange withdrew on August 13.
Speaking of which, the big pie dealer has wanted to get involved for a long time, and two things can show it:
First, on the 11th, rumors about $wbtc began to spread in the market, and messages were frequently pushed, but retail investors were not fooled and did not panic, so there was no follow-up on this matter.
Second, they started to talk about the Mentougou transfer again, but the market still did not buy it, and it failed again. For the dealer, it must come again at this time. Clearing leverage is just a by-product, and the main purpose is to test it. If you don’t test it, how can the institutional market come?
The recent daily death cross between Bitcoin's 50 and 200 moving averages has heightened concerns about further declines in Bitcoin.
Bitcoin prices fell to $58,000 earlier today, and the Fear and Greed Index also fell to 29%, indicating that people are more worried that it will continue to fall.
Moreover, since March this year, the price of Bitcoin against the US dollar has been forming lower lows and lower highs, which is a downward trend.
