#币安推出BinanceIntelligence
I don’t think this drop can be viewed simply as “crypto falling on its own.”
Focus on three things:
1. Macro risks are converging
Oil has broken above $101, Treasury yields have risen to around 5.3%, and the stronger dollar is putting pressure on risk assets.
2. Leverage is starting to be flushed out
A large number of long positions have been liquidated, which can easily trigger a chain reaction of “price drop → liquidations → further declines.”
3. Tonight’s real wildcard: the Fed meeting minutes
The market is now more focused on whether, after the September rate hike, the Fed will signal further rate hikes toward the end of the year.
Key points to watch: whether more officials support further hikes; whether they remain concerned about inflation; and how much attention they pay to weakening employment.
If the minutes are hawkish, the dollar and Treasury yields could rise, putting pressure on risk assets such as BTC and ETH; if they are dovish, the market could rebound.$BTC
I don’t think this drop can be viewed simply as “crypto falling on its own.”
Focus on three things:
1. Macro risks are converging
Oil has broken above $101, Treasury yields have risen to around 5.3%, and the stronger dollar is putting pressure on risk assets.
2. Leverage is starting to be flushed out
A large number of long positions have been liquidated, which can easily trigger a chain reaction of “price drop → liquidations → further declines.”
3. Tonight’s real wildcard: the Fed meeting minutes
The market is now more focused on whether, after the September rate hike, the Fed will signal further rate hikes toward the end of the year.
Key points to watch: whether more officials support further hikes; whether they remain concerned about inflation; and how much attention they pay to weakening employment.
If the minutes are hawkish, the dollar and Treasury yields could rise, putting pressure on risk assets such as BTC and ETH; if they are dovish, the market could rebound.$BTC