The purchasing power of cryptocurrency investors is very poor now. How bad is it?

From the perspective of Bitcoin ETF, 8 of the 12 Bitcoin spot ETFs in the United States reduced their holdings, selling 5,306 Bitcoins in one day. The one that reduced the most was not Grayscale, but Fidelity, which reduced its holdings by 2,835 Bitcoins. Grayscale reduced its holdings by 1,233 and Bitcoins. Although the selling accounted for less than 1%, short-term sentiment has begun to panic!

The U.S. stock index is fluctuating, the stocks of the seven giants are falling, and Nvidia has fallen 16% in a week. Huang Renxun is reducing his holdings of 27 million US dollars of stocks! Now everyone is betting on the impact of the interest rate cut in September. According to this trend, the cryptocurrency circle will still be unstable in September. It is estimated that we have to wait until after the election. Let's stay calm.