COINUSDT this week moved from 186.85 USDT down to 173.36 USDT. Down 7.22% this week, ranking 29th out of 35 weekly samples. In the same week, HOODUSDT fell 6.52%, MSTRUSDT fell 9.66%, and three US stock USDT-margined perpetual contracts all weakened together. In terms of news, it says that regulatory clarity is coming into focus. The price action first delivered three negative prints—this is the most real picture of the week.
The rhythm is actually very clear. On 10-02, it dropped from 189.98 USDT to 183.31 USDT, a single-day -3.51%, cutting off the rebound at the beginning of the month. On 10-07, it fell from 186.5 USDT to 179.37 USDT (-3.82%), the heaviest bearish candle of the week. On 10-08, it continued from 179.36 USDT down to 173.36 USDT (-3.35%). Two days in a row pushed it lower, and that basically locked in the weekly candle pattern. In the middle, from 10-03 to 10-05, there was a brief attempt to stabilize, but the bounce was not strong enough. After 10-06, which was -0.75%, the direction never turned back again.
Hot posts on the forum believe that the French Senate push to get the lame-duck congress to pass the CLARITY Act is a positive signal for compliant trading platforms and for companies holding coins. After the regulatory boundary is clear, valuation logic becomes easier to explain (paraphrased, not representing this site’s viewpoint). My take is: legislation is a slow-moving variable and won’t change a company’s revenue structure within a week; price is a fast-moving variable, and the negative prints are already there this week. Reading hot posts as sentiment is more reliable than treating them as conclusions.
Lastly, to be honest: gaps and consecutive bearish candles don’t give advance notice. High leverage on assets like these makes it easier for short-term volatility to carry you away. Funding rates are deducted every day. Even if you’re right on direction, time can still grind you down.
#FrenchHill urges the lame-duck congress to pass the CLARITY Act
#币安 #手续费 $BNB
The rhythm is actually very clear. On 10-02, it dropped from 189.98 USDT to 183.31 USDT, a single-day -3.51%, cutting off the rebound at the beginning of the month. On 10-07, it fell from 186.5 USDT to 179.37 USDT (-3.82%), the heaviest bearish candle of the week. On 10-08, it continued from 179.36 USDT down to 173.36 USDT (-3.35%). Two days in a row pushed it lower, and that basically locked in the weekly candle pattern. In the middle, from 10-03 to 10-05, there was a brief attempt to stabilize, but the bounce was not strong enough. After 10-06, which was -0.75%, the direction never turned back again.
Hot posts on the forum believe that the French Senate push to get the lame-duck congress to pass the CLARITY Act is a positive signal for compliant trading platforms and for companies holding coins. After the regulatory boundary is clear, valuation logic becomes easier to explain (paraphrased, not representing this site’s viewpoint). My take is: legislation is a slow-moving variable and won’t change a company’s revenue structure within a week; price is a fast-moving variable, and the negative prints are already there this week. Reading hot posts as sentiment is more reliable than treating them as conclusions.
Lastly, to be honest: gaps and consecutive bearish candles don’t give advance notice. High leverage on assets like these makes it easier for short-term volatility to carry you away. Funding rates are deducted every day. Even if you’re right on direction, time can still grind you down.
#FrenchHill urges the lame-duck congress to pass the CLARITY Act
#币安 #手续费 $BNB