#加密圆桌会议要点

Good news lands, but Bitcoin takes a dive?

What a sight to behold! After signing an agreement with Dongda, the stock market skyrocketed, yet Bitcoin plummeted in the opposite direction, leaving many people bewildered! What’s really going on with this move? The truth is, Bitcoin's recent decline can be attributed to a few 'hard injuries'! First of all, **good news turning into bad news**. The long-awaited agreement has finally materialized, and all the good news has been used up, leaving no new expectations in the short term. Many seasoned investors rushed to cash out for safety. But don't panic, the market has not exploded with any major issues; Bitcoin is currently hovering around $100,700, with support at $99,000, so it won't collapse immediately. Secondly, **risk aversion demand has 'flattened'**. Previously, during the MY war, Bitcoin could still serve as a safe-haven asset, but now that the storm has calmed, no one is hoarding Bitcoin as a 'talisman' anymore. There's also a key point — **no sign of interest rate cuts**. Without the hype of rate cuts, Bitcoin struggles to gain momentum for an upward surge. Moreover, tonight there’s a **CPI data 'test'**, which is a 'time bomb'; investors are cautious about stepping on mines, so it's understandable they want to withdraw and observe. Finally, it depends on whether **US stock market funds will come to the rescue**. If US