US Senate procedural votes directly deadlocked the much-anticipated digital asset bill. Last night, the big one—Bitcoin spot ETF—was directly hammered, with a net outflow of nearly $600 million in a single day.
Bitcoin $BTC smashed through support and is currently barely hanging on around 75,800. Many people see MARA bottom-fishing and think there’s an institutional backstop—yet the reality is that Ethereum $ETH is even struggling to hold above the 2,400 whole-number level; contract funding rates remain persistently at a discount, and longs simply cannot organize any effective resistance.
On the macro front, global Treasury yields surged to the highest levels in decades. Regulatory-positive expectations instantly fizzled out, and existing capital is stampeding to get out. The cruelest part of a market washout is this: while most people are still clinging to their beliefs, institutions have already voted with real money by exiting with their feet.
Don’t fantasize about a V-shaped reversal while prices are falling. In a market that hasn’t fully flushed, there’s no value in catching falling knives.
#贝莱德买入 #Full network liquidations
Bitcoin $BTC smashed through support and is currently barely hanging on around 75,800. Many people see MARA bottom-fishing and think there’s an institutional backstop—yet the reality is that Ethereum $ETH is even struggling to hold above the 2,400 whole-number level; contract funding rates remain persistently at a discount, and longs simply cannot organize any effective resistance.
On the macro front, global Treasury yields surged to the highest levels in decades. Regulatory-positive expectations instantly fizzled out, and existing capital is stampeding to get out. The cruelest part of a market washout is this: while most people are still clinging to their beliefs, institutions have already voted with real money by exiting with their feet.
Don’t fantasize about a V-shaped reversal while prices are falling. In a market that hasn’t fully flushed, there’s no value in catching falling knives.
#贝莱德买入 #Full network liquidations