Friday's market is really exciting! With a sharp drop in metal prices, cryptocurrency tokens linked to copper, gold, and silver have also suffered significant setbacks. In the past 24 hours, the total liquidation across major exchanges was about $120 million, with silver being the hardest hit, suffering a daily loss of $32 million. #金价再冲高位

Copper prices fell from $14,500 to $13,000, while gold and silver dropped by over 4% and 5%, respectively. The strengthening dollar, the interruption of LME trading, and significant position adjustments by Chinese traders have further amplified market volatility.

The cryptocurrency market is increasingly resembling a 'parallel venue' for global macro trading. When metals rise, traders flock to the crypto market in pursuit of leverage and around-the-clock trading; when metals fall, it becomes an outlet for risk release. In the coming days, the story of the linkage between metals and cryptocurrencies will continue to unfold. #贵金属巨震