Witness history! Gold plummeted over 12% in a single day, creating the largest crash in 40 years! Silver is even worse…$PAXG $XAG
💥 Something big happened! 💥#贵金属巨震
Just now, the gold and silver markets did not just correct; they experienced a crash! The data is shocking:
· Spot gold: single-day plummet of -12.24%! This is not an ordinary decline; it's the largest single-day drop unseen for over 40 years, since 1983!
· Spot silver: even worse! It directly recorded the worst single-day performance in history, with a decline scarier than gold!
📉 What happened? In one sentence: Trump's nomination of a new Federal Reserve chair was a "nuclear bomb" that blew apart the precious metals market!
The result is:
1. The dollar exchange rate surged sharply.
2. Gold and silver, as non-yielding assets, saw holding costs rise sharply.
3. Huge profit-taking (after a significant rise) triggered an epic long squeeze!
🤔 What do we think about the crypto space?
Don’t just watch the excitement! This has sounded the alarm for us:
1. The power of macro policies is far beyond imagination. A single personnel appointment can cause the “king of safe havens” gold to drop in a day by an unprecedented amount in over a decade. The crypto space cannot walk away from macro factors either.
2. Safe-haven assets can also instantaneously become risk assets. When the tide turns, no narrative will work; only cold selling matters.
3. High leverage is dangerous. Imagine if you were fully leveraged long on gold… you’d be left with nothing. The leverage in the crypto space is even higher, so always respect the market!
Remember today; this is a textbook-level “macro-driven flash crash.” In the face of absolute power, any technical analysis is pale.
Buckle up; the era of big volatility has truly arrived!
