The blood-red Christmas night has arrived as scheduled.
In the past 24 hours, the entire network liquidated $843 million, with long positions liquidating $743 million.
Many people think the drop is due to Powell's statement: The Federal Reserve is not allowed to hold Bitcoin and does not wish to change the law.
But isn't this statement somewhat contradictory to Trump's strategic reserve plan? Trump: I'll eliminate you as soon as I take office!
Of course, interest rates are still expected to be cut. And for the next 25 years, they may continue to be cut.
So why the massive drop?
In fact, in the big picture, sometimes the market's reaction precedes the news. The sentiment is extremely greedy. As long as the market's information is positive feedback, it's fine, but any slight disturbance will make it very sensitive.
On the first day of my return, I mentioned this topic, and the general drop in altcoin markets confirmed this topic.
At this time, only Bitcoin remains strong. However, Bitcoin has already risen over 90% in this round. As long as Bitcoin corrects, according to the current market sensitivity, altcoins will further collapse!
Ten years of experience in the crypto circle. A correction is a must on Christmas night. This is also the reason I do not recommend playing with altcoins during this period.
Of course, whether it's spot trading or other forms, adjusting positions based on market changes and on-chain movements is the key.
My strategy remains to share without charge, tap on the avatar to follow! #币安Alpha项目公布 #BTC☀ #ETH🔥🔥🔥🔥 #加密市场回调
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