$BTC
🔥 The U.S. government shutdown causes a huge shock to the cryptocurrency market, leading to a reversal! Is it time to buy the dip or wait and see?
🔥 The 40-day U.S. government shutdown has broken historical records, and this political deadlock has brought a rollercoaster market to the cryptocurrency world! During the shutdown, the U.S. Treasury withdrew $700 billion in liquidity, and cryptocurrencies became a disaster zone—Bitcoin once fell below $100,000, hitting a five-month low, with over 400,000 liquidation events in a single day, $1.799 billion in funds evaporated instantly, and the market value dropped by 20% in a month, almost erasing this year’s gains!
🔥 However, on November 10, cracks appeared in the shutdown stalemate, and the market quickly celebrated! Bitcoin violently rebounded, breaking through $106,400, and Ethereum soared above $3,600, with risk assets collectively warming up, showing a clear divergence between safe-haven and risk assets, perfectly illustrating the rapid shift of capital from safety to chasing highs!
🔥 But don’t blindly follow the trend! This rebound is essentially an emotional recovery brought about by the turnaround of the shutdown, while the bipartisan funding bill has yet to be finalized, and the lack of inflation data leaves the Federal Reserve's policy filled with uncertainty. Future liquidity changes remain a key variable.
🔥 In the current market, are you taking profits during the rebound, or are you decisively buying the dip? Let’s discuss your trading strategy in the comments!
