Trump's trade letter officially announced! The cryptocurrency market is surging with hidden currents, on-chain data harbors deadly risks. On July 5, Trump officially announced that the trade letter would be sent out on Monday, with urgent responses from 12 countries! The shockwave of global economic and trade turbulence is wildly tearing at the nerves of the cryptocurrency market. Will Bitcoin replicate the 5-fold surge of the 2019 trade war, or will it repeat the scenario of a 20% drop in a single day?
On-chain signals have revealed ominous signs: Ethereum whales increased their holdings by 12% in 72 hours, USDT cashed out 8% from Binance; CME Bitcoin futures net long positions plummeted by 17%, institutional holdings are retreating significantly! The essence of the trade war is the redistribution of capital for risk aversion: when the dollar tightened in 2018, the cryptocurrency market crashed, and after the escalation of conflicts, cryptocurrency became an escape route.
Will trade frictions ignite the spark of traditional capital migrating to cryptocurrency? Is it following the trend of institutions shorting, or betting on safe-haven conditions? Click to follow, I will analyze the movements of on-chain whales in real-time and anticipate policy transmission! Leave a message in the comments: are you betting on Bitcoin breaking 60,000, or being squeezed by panic? In the storm, let's catch the big fish! If you have no clue, just leave a message and I'll come pick you up!
