Another waterfall! The crypto circle collectively fainted last night, with 220,000 people forced to liquidate and questioning life
Can the crypto market still be played? In the early hours of January 30, the crypto market was simply a large-scale "slaughterhouse"! Bitcoin plummeted by more than 5 points, falling below $85,000, more thrilling than a roller coaster; Ethereum and Dogecoin followed suit, dropping over 6%, and some altcoins directly crashed by nearly 7%, with the coins in hand shrinking by more than half overnight!
What's even worse? In 24 hours, 227,000 people were forced to liquidate, with over 7 billion RMB directly going down the drain! Some people posted screenshots, showing that their principal of 100,000 was left with only 2,000, and others who were overly leveraged were directly "liquidated" by the market, with the comment section filled with wails: "This is not investment, this is giving away money!"
🤬 The crash was truly not unexpected! The three major "culprits" have caused great harm!
1. Federal Reserve: Where’s the rate cut that was promised? Purely a pie in the sky!
Everyone was looking forward to a rate cut from the Federal Reserve in January, but they directly said "no cut," and interest rates remain high! This move poured a bucket of cold water on the market—money in the bank earns interest, who would still want to hold onto a cryptocurrency that has no interest and fluctuates daily like a "time bomb"? Thus, a large amount of capital fled, and Bitcoin was directly smashed.
2. Big players fleeing: Bitcoin as a "safe haven" is a joke!
Crypto mogul Tether surprisingly fell for another love, saying it would take money to buy gold! This shook everyone's confidence: if even the big players don't believe in Bitcoin anymore, what are we playing for? What's more frustrating is that, with the current international situation being so tense, we originally thought Bitcoin could serve as a "safe haven," but gold skyrocketed while Bitcoin plummeted, making this comparison heart-wrenching!
3. Uncertain regulation + market panic: the more it drops, the more it sells, the more it sells, the more it drops!
The cryptocurrency regulatory policy in the U.S. has yet to be determined, institutions dare not enter, and small retail investors are panicking. The market is filled with panic emotions, and the more people see the drop, the more they want to sell, and when they sell, the price drops further, creating a vicious cycle! The current crypto market is like a chaotic vegetable market with no one in charge! #下任美联储主席会是谁？ #恭喜发财
🤔 Will it drop further?
Can the crypto market still be played? In the early hours of January 30, the crypto market was simply a large-scale "slaughterhouse"! Bitcoin plummeted by more than 5 points, falling below $85,000, more thrilling than a roller coaster; Ethereum and Dogecoin followed suit, dropping over 6%, and some altcoins directly crashed by nearly 7%, with the coins in hand shrinking by more than half overnight!
What's even worse? In 24 hours, 227,000 people were forced to liquidate, with over 7 billion RMB directly going down the drain! Some people posted screenshots, showing that their principal of 100,000 was left with only 2,000, and others who were overly leveraged were directly "liquidated" by the market, with the comment section filled with wails: "This is not investment, this is giving away money!"
🤬 The crash was truly not unexpected! The three major "culprits" have caused great harm!
1. Federal Reserve: Where’s the rate cut that was promised? Purely a pie in the sky!
Everyone was looking forward to a rate cut from the Federal Reserve in January, but they directly said "no cut," and interest rates remain high! This move poured a bucket of cold water on the market—money in the bank earns interest, who would still want to hold onto a cryptocurrency that has no interest and fluctuates daily like a "time bomb"? Thus, a large amount of capital fled, and Bitcoin was directly smashed.
2. Big players fleeing: Bitcoin as a "safe haven" is a joke!
Crypto mogul Tether surprisingly fell for another love, saying it would take money to buy gold! This shook everyone's confidence: if even the big players don't believe in Bitcoin anymore, what are we playing for? What's more frustrating is that, with the current international situation being so tense, we originally thought Bitcoin could serve as a "safe haven," but gold skyrocketed while Bitcoin plummeted, making this comparison heart-wrenching!
3. Uncertain regulation + market panic: the more it drops, the more it sells, the more it sells, the more it drops!
The cryptocurrency regulatory policy in the U.S. has yet to be determined, institutions dare not enter, and small retail investors are panicking. The market is filled with panic emotions, and the more people see the drop, the more they want to sell, and when they sell, the price drops further, creating a vicious cycle! The current crypto market is like a chaotic vegetable market with no one in charge! #下任美联储主席会是谁？ #恭喜发财
🤔 Will it drop further?
