Why did the crypto market fall? There are several main reasons. Check them out! ! !

Today, the cryptocurrency market has stirred up quite a storm! Bitcoin has fallen below the $63,000 mark. Does it make your heart flutter? Don't worry, I'll reveal the little secrets behind this wave of decline!

[Profit-taking, rational cooling]

First of all, this wave of Bitcoin's decline is actually a small adjustment that is within reason! Just like you want to take a walk to digest after a big meal, the market also needs to take a breath after rising for days. Traders have chosen to take profits, after all, you have to stop when you make money!

[Option weathervane, market bearish warning]

The implied volatility of Bitcoin and Ethereum has turned to put options! It's like the market has sent us a small signal: "Hey, guys, there may be a little wind and rain next!" Although the spot price is still strong, this wave of operations suggests that everyone is a little hesitant about the future trend of the market!

【Domino Effect】

As soon as Bitcoin fell, the entire cryptocurrency market trembled. This institution transferred in, that giant whale transferred in, Ethereum, BNB, Cardano... these friends followed suit, which really fulfilled the saying "prosperity and loss are all prosperity, loss are all loss". Even our little cutie Dogecoin led the decline of 4%

Market volatility, hesitation or opportunity?

But don't worry, market volatility is sometimes a prelude to opportunity. In the short term, the spot price of Bitcoin is expected to hover between $61,500 and $67,000, just like looking for a comfortable hotbed. The upcoming NVIDIA earnings report and US PCE data may become new catalysts, but don't expect them to bring big surprises!

【QCP Capital's Strategy: Optimistic and Cautious】

Despite the market's correction, QCP Capital said that bullish spread buying is increasing, which means that traders still have their own plans. They are both optimistic and cautious, keeping the dream of $100,000 Bitcoin in mind, but more stable in action. After all, we still have to have dreams, what if they come true? Right!

Well, today's cryptocurrency market revelation is here! Remember to follow me and I will take you to learn more financial secrets!