The drop in the U price should be influenced by the upcoming interest rate cuts by the US dollar.
It is expected that the US dollar/U will decline, leading to capital outflows.
This is consistent with the logic that Bee Brother previously analyzed subjectively:
The speculative market also believes that US dollar interest rates are about to decrease, and the current US dollar is relatively at its highest cost.
Therefore, at the beginning of interest rate cuts, hot money will flow out of the speculative market to pay off leverage.
After a few interest rate cuts, when the cost of leverage is lower, capital will flow back into the speculative market.
This can explain one of the reasons for the "initial drop after interest rate cuts" in the US stock market and the cryptocurrency market.
