btc plummets!
Many bloggers browsing the forum are posting about how they seize the market and how they make money.
But no one said the reason for the plunge:
Current statement:
1. The hedge fund liquidation shocked the market. Core information: A large fund liquidated its position in the arbitrage trade between MSTR and BTC, resulting in heavy losses of US$1 billion. This move triggered a chain reaction in the market, and the price of BTC fell accordingly.
Market reaction: The incident aroused widespread concern in the market, and investor sentiment was significantly affected.
2. On-chain data reveals key data on large BTC transfers: During the period of sharp fluctuations in Bitcoin prices, more than 4,637 BTC were monitored being transferred from Binance to its hot wallet. A similar situation also occurred not long ago.
Market interpretation: This move is regarded as a signal that large investors may sell, exacerbating market uncertainty.
3. PPI data unexpectedly rose, and the market was under overall pressure. Economic indicators: The annual growth rate of U.S. PPI in February unexpectedly reached 1.6%, far exceeding market expectations.
Market impact: Inflation concerns intensified, and both the stock and cryptocurrency markets were hit, with prices falling.
4. Market opinions diverge after Bitcoin plummets. Focus of controversy: After Bitcoin prices plummeted, whether there are short-term trading opportunities has become a hot topic in the market.
Expert opinion: Some analysts believe that there are short-term opportunities, but others point out that the arbitrage mechanism may limit the room for price increases, and the market has mixed views.
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