After the news that the US dollar $USDT was surpassed by gold as a reserve for backing currencies, there was a strong devaluation of the USD.

I believe this caused the price of cryptocurrencies to appreciate $ETH in the same proportion and triggered a rush to buy the dip, further boosting the rise.

Such a rapid rise must have forced many short positions to be closed, and a "short squeeze" is underway.

It seems like a good time to take some profit before a new downward movement.

Great opportunity for those with a high average price to reduce it.

Memecoins $SPACE may lose some momentum today due to the flow being concentrated in the main currencies.