We are currently witnessing a great demonstration of the high-risk nature of the cryptocurrency market. While the main indices are trading near zero, BTC is adding 5%.

This suggests that many crypto market participants do not want to be cautious. For them, the probability of a 50 bp rate cut is close to 100%. Guided by the slogan “nothing ventured, nothing gained 🍾”, they are actively buying. These people obviously do not have a Plan B.

It is noteworthy that since 19:00, top Binance traders have been fixing longs and turning short.

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