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Three major problems of the cryptocurrency crash, shocking insider exposure! FTX is about to inject 16 billion US dollars, and October may usher in a super increase!
The cryptocurrency crash in the past two days is indeed not small. The following are three main reasons:
1. The deterioration of the US economy and the Fed's mistakes:
The US economy began to deteriorate, and the market was worried that the Fed would make mistakes again.
Powell did not follow Dudley's advice and did not cut interest rates at the recent parliamentary meeting.
The market generally believes that it is too late to cut interest rates until September.
The Fed previously caused super inflation due to late interest rate hikes,
This time it delayed the interest rate cut,
causing panic in the market,
The cryptocurrency and US stocks both collapsed.
2. Bitcoin on-chain data reversal:
A large number of Bitcoins continue to be transferred to exchanges for sale,
The main sellers are Germany and Mentougou,
The cumulative sales exceeded 10 billion.
Every time the cryptocurrency market rises slightly,
They start to smash the market,
making it difficult for the market to maintain its upward trend.
Although Germany has completed the sell-off, Mentougou also has 2.13 billion US dollars of coins left, which is expected to end the sell-off this week or next week. This selling pressure is about to end. 3. Trump's speech has exhausted all the positive news: Before Trump's speech, the currency circle soared from more than 50,000 to 70,000. After the speech, the good news was exhausted, and the currency price fell more than expected. However, FTX will inject 16 billion US dollars in October, which will trigger a huge pull-up effect. It is expected that the currency circle will have an opportunity to ambush in August and September, and the super increase during Trump's speech may reappear, breaking through the previous high of 74,000 and starting a new round of increases. The above are the main reasons for the current collapse of the currency circle and future expectations. I hope everyone can wait patiently during this period to welcome the super increase in October. #加密市场急跌 #美国7月非农就业增长放缓 #BTC走势分析 #btc #eth
I am Brother Sen, you need reference, I need fans, follow Brother Sen, and share various wealth codes for free. The bull market has arrived, don't let yourself be just a spectator!
The cryptocurrency crash in the past two days is indeed not small. The following are three main reasons:
1. The deterioration of the US economy and the Fed's mistakes:
The US economy began to deteriorate, and the market was worried that the Fed would make mistakes again.
Powell did not follow Dudley's advice and did not cut interest rates at the recent parliamentary meeting.
The market generally believes that it is too late to cut interest rates until September.
The Fed previously caused super inflation due to late interest rate hikes,
This time it delayed the interest rate cut,
causing panic in the market,
The cryptocurrency and US stocks both collapsed.
2. Bitcoin on-chain data reversal:
A large number of Bitcoins continue to be transferred to exchanges for sale,
The main sellers are Germany and Mentougou,
The cumulative sales exceeded 10 billion.
Every time the cryptocurrency market rises slightly,
They start to smash the market,
making it difficult for the market to maintain its upward trend.
Although Germany has completed the sell-off, Mentougou also has 2.13 billion US dollars of coins left, which is expected to end the sell-off this week or next week. This selling pressure is about to end. 3. Trump's speech has exhausted all the positive news: Before Trump's speech, the currency circle soared from more than 50,000 to 70,000. After the speech, the good news was exhausted, and the currency price fell more than expected. However, FTX will inject 16 billion US dollars in October, which will trigger a huge pull-up effect. It is expected that the currency circle will have an opportunity to ambush in August and September, and the super increase during Trump's speech may reappear, breaking through the previous high of 74,000 and starting a new round of increases. The above are the main reasons for the current collapse of the currency circle and future expectations. I hope everyone can wait patiently during this period to welcome the super increase in October. #加密市场急跌 #美国7月非农就业增长放缓 #BTC走势分析 #btc #eth
I am Brother Sen, you need reference, I need fans, follow Brother Sen, and share various wealth codes for free. The bull market has arrived, don't let yourself be just a spectator!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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