交易员721

At this moment, the price of the BNB contract is at 895, sprinting towards 900, while bad news for her comes from time to time, following one after another.
This week, the U.S. Commodity Futures Trading Commission is selecting cryptocurrency exchanges for compliance markets. The U.S. is now planning for cryptocurrencies to enter compliant exchanges like traditional mainstream commodities such as gold. Major institutions can only trade on these types of exchanges, protected by U.S. law. Currently, only one U.S.-based cryptocurrency exchange has been approved, and given the tendency of the industry to monopolize, it can be foreseen that Binance.us will be hard to approve.

$BTC At this moment, the big pancake is 94000 Ethereum at 3200, the coin price is still rising, completing a V-shaped reversal with significant strength, breaking through the previous high. However, I still believe that the upward space in this wave is limited, the height won't be very high, and the sustainability won't be good. The reasons are as follows:
First, the reason for this wave of increase is the stabilization and rebound of the US stock market, the narrative shift of Nvidia, the Fusaka upgrade of Ethereum, the change of the Federal Reserve Chairman, and several factors such as the crypto industry summit in early December.
However, we also see that the current exchange rates of the RMB against the US dollar and the yen against the US dollar are continuously appreciating, which will inevitably continue to absorb the liquidity of the US dollar back to the Asia-Pacific region outside of the US stock and crypto markets. Although this may force the Federal Reserve to continuously cut interest rates and quickly start QE to boost market expectations, it will lead to the exhaustion of short- to medium-term US dollar liquidity, triggering a market sell-off. Here we paint a beautiful picture, but there is no money; the picture can be very beautiful, but no money means no money, and distant water cannot quench immediate thirst.

The two markets that originally seemed unrelated now have a deep underlying connection, all due to the profound changes in the financial industry brought about by blockchain and other technologies, pointing to the financial strategic game between the two G2 countries, financial security, and global influence.
Since Trump's term, the beautiful country has treated cryptocurrency as a national financial strategic tool, attempting to use cryptocurrency to revive the global influence of the US dollar and transform the beautiful country into a hub for cryptocurrency.
Meanwhile, Eastern University and Europe are pursuing the path of sovereign digital currencies, increasing settlement scenarios through the internationalization of the digital yuan to enhance the global status of the yuan.

The market has been a bit frustrating these past two days, with Ethereum dropping from 3100 to 2718 and then rebounding back to 3100. I think many people lost money in this V-shaped reversal, but I also believe that this has given us a great opportunity to short at a high position.
The reasons for this rebound market are two:
One is that the Ethereum fusaka upgrade on December 3rd attracted increased funds for on-chain purchases of Ethereum spot, driving the rise of Bitcoin and other cryptocurrency markets.
Second, last night Trump hinted that Kevin Hassett, who supports cryptocurrency and advocates for more and faster interest rate cuts, will replace Powell as the Chairman of the Federal Reserve.

$ETH On December 1st, the Federal Reserve's quantitative tightening ended, and the 'big drainage' that lasted for two and a half years drained the vitality from the financial market—so, has liquidity returned on December 1st?
Unfortunately, there is currently nothing.
Because on December 1st, the U.S. Treasury issued about 200 billion in treasury bonds, and once again took a serious toll, last night the market liquidity tightened again.
The interest rate upper and lower limits of the financial market, SOFR and IORB spread reached 0.22, while the usage of the Federal Reserve's standing repo facility (SRF) reached 26 billion dollars, the second highest level since 2020.

This SRF is the short-term liquidity loan that the Federal Reserve lends to financial institutions, which will appear frequently in the future, similar to our spicy powder MLF, I suggest everyone pay attention.