Many friends say that the reason for this rise is because the official WeChat public account of the Shanghai State-owned Assets Supervision and Administration Commission published an article on learning about cryptocurrencies and stablecoins. Then they exclaimed about the mysterious Eastern power!
In fact, what I want to say is: this kind of formulaic meetings discussing blockchain news will occasionally come up; I don't know how many times I've seen it. In the past, when such news came out, there was not much reaction because you all had positions. The difference this time is that when this news came out, you were all in cash and shorting.
Of course, there may also be funds trading on insider information in advance, such as:
- Powell resigning;
- Possible interest rate cuts in July (but the CME rate observer did not reflect this either).
We are all just retail investors, unable to understand more and more accurate information.
Even though many friends have achieved good returns in this rise, the majority are still at a loss, and I am one of them. This does not prevent us from continuing to participate in every future market movement; temporary losses are very normal. Keep a steady mindset and continue to work hard.
