The cryptocurrency market has experienced a sudden drop, primarily due to the ongoing geopolitical concerns between the U.S. and Iran, the Federal Reserve maintaining high interest rates without cuts, and the uncertainty brought about by the new appointments at the Federal Reserve under Trump, which have led to policy uncertainty. Tether profits are being used to purchase gold and other traditional assets.
Jin Ge started signaling the end of the rebound at 98000, and again placed a short position at 90500 during the Federal Reserve meeting; these historical references can be checked, and I hope they are helpful to everyone.
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Last night's sharp decline is the result of a triple resonance of macro factors, external sentiment, and market structure, rather than a single negative factor.
The Federal Reserve's hawkish stance has completely corrected market expectations for interest rate cuts, and the high-risk attributes of crypto assets have been amplified in a high-interest-rate environment, with valuation logic being impacted as a core underlying reason.
Additionally, the tech stock crash in the U.S. has triggered a global retreat in risk appetite, and geopolitical risk aversion has boosted the gold absorption effect, leading to a dual drain of funds in the crypto space.
The high-leverage long positions accumulated in the previous market have become amplifiers of the decline, and the breaking of key support levels has triggered a panic sell-off, causing liquidations and whale sell-offs, along with ETF fund outflows forming negative feedback, resulting in panic-following selling.
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1.30 Market Shock! Gold, silver, and Bitcoin all plummet as traditional safe havens and digital assets face a selling wave. London gold has dropped over 7% to fall below $5100, silver has plunged 13%, Bitcoin has fallen below $85000, with over 220,000 people liquidated in 24 hours, and 7 billion in funds evaporated.
The recent sharp decline in gold and silver is due to profit-taking at high levels, but supported by long-term central bank gold purchases and industrial demand, there is still upside potential; Bitcoin, on the other hand, has exposed its high-risk attributes, with funds continuously flowing into precious metals, and the consensus on "digital gold" is being tested.
Currently, market risk aversion is at an all-time high, with tightening liquidity leading to increased short-term volatility in gold and silver. The $80000 level for Bitcoin has become a key support, and the divergent movements of the three highlight the essential differences in asset attributes; investors need to be wary of leverage risks! #Tether买黄金净赚50亿美元
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