The political infighting in South Korea is affecting the crypto circle, with Upbit experiencing severe negative premiums, Bitcoin dropping to 60,000, and XRP halving...
Tonight's drop is not a spontaneous market behavior, but due to an emergency situation.
Political disputes in South Korea are intensifying, the president has declared a state of emergency and delivered a televised speech announcing the need to eliminate domestic state forces.
Due to the impact of the ban, the Upbit platform collapsed, leading to a severe premium for Bitcoin, which dropped to around 67,000, and XRP almost halved.
Those who opened contracts this time are probably now pondering what to do with their lives.
Although it has little impact on us, the platforms we use are all top-ranking ones, so such situations generally do not occur. But this is the crypto circle; anything can happen.
Anything can happen in the crypto circle; sudden events occur even in bull markets, and in bear markets, black swan events are even more frequent.
The sharp drop that is almost a halving means that regardless of how safe your liquidation position is, it is basically instantaneously blown up.
This has also dragged down the entire crypto circle, but it has already rebounded instantly. Brother Chao has reminded everyone in the circle to buy the dip around the 3550 position.
From the current perspective, it is a good choice.
This sudden event only caused a slight fluctuation in the crypto circle, indicating that the current position is relatively stable, considered a fluctuation range that is difficult to break through or fall below.
For investors who haven't entered the market, buying on dips is a good choice.
2,
There is also another not-so-good piece of news.
Old Biden, as he is about to step down, does not forget to stir things up to annoy Trump.
19 billion USD worth of Bitcoin has been transferred to a Coinbase account. Generally speaking, this kind of behavior is either due to the account being hacked or the intention to sell and cash out.
The possibility of being hacked is low; the latter is more likely. While 19 billion might not have a huge impact, the U.S. government holds 210,000 coins, which is quite frightening.
Additionally, Biden used his presidential pardon power to absolve Hunter Biden of all charges, and even if Trump comes to power, this pardon cannot be changed.
Old Biden is no longer pretending as he is about to step down, he has directly started taking action.
After all, there is only one son; without him, the lineage ends.
Using Bitcoin to annoy Trump also makes perfect sense.
From this situation, December may be an extraordinary month, and the possibility of maintaining a sideways fluctuation this month is very high.
Even a decline is possible.
#BitcoinBTC[Super Topic]#...
Tonight's drop is not a spontaneous market behavior, but due to an emergency situation.
Political disputes in South Korea are intensifying, the president has declared a state of emergency and delivered a televised speech announcing the need to eliminate domestic state forces.
Due to the impact of the ban, the Upbit platform collapsed, leading to a severe premium for Bitcoin, which dropped to around 67,000, and XRP almost halved.
Those who opened contracts this time are probably now pondering what to do with their lives.
Although it has little impact on us, the platforms we use are all top-ranking ones, so such situations generally do not occur. But this is the crypto circle; anything can happen.
Anything can happen in the crypto circle; sudden events occur even in bull markets, and in bear markets, black swan events are even more frequent.
The sharp drop that is almost a halving means that regardless of how safe your liquidation position is, it is basically instantaneously blown up.
This has also dragged down the entire crypto circle, but it has already rebounded instantly. Brother Chao has reminded everyone in the circle to buy the dip around the 3550 position.
From the current perspective, it is a good choice.
This sudden event only caused a slight fluctuation in the crypto circle, indicating that the current position is relatively stable, considered a fluctuation range that is difficult to break through or fall below.
For investors who haven't entered the market, buying on dips is a good choice.
2,
There is also another not-so-good piece of news.
Old Biden, as he is about to step down, does not forget to stir things up to annoy Trump.
19 billion USD worth of Bitcoin has been transferred to a Coinbase account. Generally speaking, this kind of behavior is either due to the account being hacked or the intention to sell and cash out.
The possibility of being hacked is low; the latter is more likely. While 19 billion might not have a huge impact, the U.S. government holds 210,000 coins, which is quite frightening.
Additionally, Biden used his presidential pardon power to absolve Hunter Biden of all charges, and even if Trump comes to power, this pardon cannot be changed.
Old Biden is no longer pretending as he is about to step down, he has directly started taking action.
After all, there is only one son; without him, the lineage ends.
Using Bitcoin to annoy Trump also makes perfect sense.
From this situation, December may be an extraordinary month, and the possibility of maintaining a sideways fluctuation this month is very high.
Even a decline is possible.
#BitcoinBTC[Super Topic]#