150,000 Traders Liquidated! Bitcoin Drops Below $78,000, but the real story is something else...
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奋斗1688
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🔥 150,000 Traders Liquidated! Bitcoin Drops Below $78,000, but the real story is something else
Just today, the crypto market took a nosedive. Bitcoin fell below $78,000, Ethereum is nearing $2,200, HYPE dropped over 7%, and SOL fell more than 5%. A total of 150,000 traders got liquidated, with over 90% being long positions.
The reason isn't complicated: tensions between the US and Iran might escalate into military action, pushing oil prices up to $105, and inflation expectations are rising again. The 10-year US Treasury yield has surpassed 4.55%, and the market is worried that the Fed may not only hold off on rate cuts but could even hike rates.
But honestly, us seasoned traders are used to these dips. What’s really worth paying attention to is another piece of news—
SpaceX IPO is officially gaining momentum. It could hit NASDAQ as soon as June 12, with a valuation of $1.75 trillion, making it the largest IPO in human history.
The reason isn't complicated: tensions between the US and Iran might escalate into military action, pushing oil prices up to $105, and inflation expectations are rising again. The 10-year US Treasury yield has surpassed 4.55%, and the market is worried that the Fed may not only hold off on rate cuts but could even hike rates.
But honestly, us seasoned traders are used to these dips. What’s really worth paying attention to is another piece of news—
SpaceX IPO is officially gaining momentum. It could hit NASDAQ as soon as June 12, with a valuation of $1.75 trillion, making it the largest IPO in human history.