TradeCoin_VN
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Bearish
Cz tweeted: "100k is boring, right?"
After the above tweet, the market corrected and half a billion USD was liquidated on exchanges. The reason may come from the ETF capital flow into Bitcoin and Ethereum both weakening.
Another reason is believed to be due to the surge in the 10-year bond yield in the United States. Since the FED began cutting interest rates in September 2024, the bond yield has not decreased but has increased by more than 1.1%. The last time this happened was in 1998, just before the Dotcom bubble burst.
History shows that after the FED lowers interest rates, the 10-year bond yield mostly declines. Current data reflects that the market is not trusting the FED, especially in the context of rising inflation and interest rates still being kept high.
#Binance $BTC $ETH $FIRO
After the above tweet, the market corrected and half a billion USD was liquidated on exchanges. The reason may come from the ETF capital flow into Bitcoin and Ethereum both weakening.
Another reason is believed to be due to the surge in the 10-year bond yield in the United States. Since the FED began cutting interest rates in September 2024, the bond yield has not decreased but has increased by more than 1.1%. The last time this happened was in 1998, just before the Dotcom bubble burst.
History shows that after the FED lowers interest rates, the 10-year bond yield mostly declines. Current data reflects that the market is not trusting the FED, especially in the context of rising inflation and interest rates still being kept high.
#Binance $BTC $ETH $FIRO
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