In-depth Analysis of Market Tremors: State Capital Enters the Arena, Reshaping the Crypto Landscape!
Dear investors, waking up to a sudden change in the market, the situation has plunged back into gloom. Yesterday was calm, but today it feels like the end of days. Bitcoin (Big Cake) has broken through critical support levels, and that piercing sound seems even more heart-wrenching than glass shattering. Ethereum (Ether) has also not escaped, falling alongside Bitcoin, while those flashy altcoins are even more unbearable to watch, with staggering losses.
The Operations and Influence of the US Government
The US Department of Justice has long been cracking down on illegal activities, confiscating a considerable amount of crypto assets. This massive USDT is likely one of their confiscated “spoils.” Such “legal robbery” has left the market feeling extremely uneasy. The key issue is not that the US government took the money, but that after taking it, they can manipulate the market at will. Want to crash the market? Simple! Just throw over 200 million USDT into the market, and the liquidity of USDT will be instantly overwhelmed, greatly increasing the risk of market decoupling, leading to liquidity exhaustion and an inevitable market collapse. Want to hoard it? Even scarier! This is equivalent to the US announcing to the world that they hold “crypto ammunition,” and the future trends of the crypto space will be determined by them.
The Federal Reserve's interest rate hike or cut policies are no longer important; the movements of USDT in the hands of the US Treasury are the real market switches. Market rules have completely changed! Previously, the confrontation between retail investors and institutions, although difficult, at least allowed us to know who the opponents were and understand their tactics. Now, state capital has entered the fray, directly upending the table and rewriting the rules. $BTC