8.26 Market Analysis

Yesterday's sharp decline left many people confused, but the reasons are quite clear:

1. Rate cut benefits fully realized

The expectations for a rate cut in September have been priced in early, and the funds that invested in BlackRock ETFs decided to take profits and exit.

2. Trump's "earthquake-level operations"

Directly dismissing Federal Reserve Governor Cook and even suggesting renaming the Department of Defense to the "Department of War" raised market concerns about the independence of the Federal Reserve, leading to a significant drop in the US stock market, which caused BTC to fall as well.

3. Trump family coin crashes again

The WLFI launched and immediately plummeted, marking the third family coin to fail, which has drained market confidence and negatively affected BTC sentiment.

However, the core logic remains unchanged:

A Philippine congressman proposed to buy 2,000 BTC each year for the next 5 years to build a national reserve;

Global companies and nations are increasing their holdings;

China may lift restrictions on BTC trading within 3 years;

Regulation of stablecoins in the US is also accelerating.

——The fundamentals of BTC remain strong.

Sector Dynamics:

Large SOL holders withdrew 80,000 coins and staked them, while a US company plans to raise $400 million to build the world's largest SOL treasury.

In the past 24 hours, ETH saw a net outflow of 23,600 coins from CEX, with the decline being a correction after a significant previous increase.

Conclusion:

22 states in the US have sounded the recession alarm; they can no longer avoid interest rate cuts. BTC is close to the 120-day moving average, and the short-term decline is about the same.

In the coming week, the market needs to digest the negative news. For those with funds, consider gradually positioning into BTC.

In times of panic, there often lies opportunity. #加密市场回调 $ETH