With the US stock market’s transition to tokenized contracts and 7×24 trading around the clock, the barrier for Chinese stock investors to enter the US market has been greatly lowered. It accelerates the circulation and entry of funds into the virtual market.
Led by popular contracts with SNDK/USDT, after the sharp surge in the first two days, it quickly seizes a larger share of the virtual market.
But in reality, it’s due to large numbers of retail investors flooding in, which causes excessive market expectations. Therefore, even as SNDK and SK MU and other coordinated industry players have continued to grow year over year, they end up widening the gap.
However, institutions don’t buy it, leading to frequent “needle-poke” situations in the short term, with higher volatility and faster retail shuffling.
From the recent trading volume, SNDK/USDT has already surpassed BTC. And judging by the SNDK long/short positions, SNDK/USDT, MU/USDT, SK/USDT, and BTC/ETH are simultaneously splitting up the virtual market.
Today, during the day, BTC and ETH still won’t slow down as they keep rising; this will inevitably squeeze the market share of contracts.
At 21:30 the market opens, and the whole US stock market turns bearish.
Meanwhile, both BTC and ETH will set new highs in the short term.
#BTC走势分析 #SNDKUSDT