Surprised or not? It didn't rise but fell instead!
The US and China have reached an agreement, and tariffs on both sides have been lowered, marking the end of the trade war. India and Pakistan have also ceased hostilities, US stocks have surged, and Trump's crypto dinner has taken place. It seems like everything is good news, and there aren't any bad news, right? If we really have to find some bad news, it’s just that the Federal Reserve still refuses to cut interest rates. But compared to so much good news, shouldn’t the market at least show some upward movement?
But now, not only did it not rise, but it also fell drastically overnight. Last night, we almost saw Bitcoin starting with a 9 again, and now it’s barely alive. The most unfortunate are those who wanted to take a short-term gamble on the good news of the US-China reconciliation. In the past 4 hours, the entire network saw liquidations worth $218 million, with the majority being long positions.
What is going on? Could it be that good news leads to bad news? Where are those who said Bitcoin would reach 1.5 million this round just a few days ago? Come out and explain, so everyone can be reassured.
$BNB
#山寨季何时到来