#币圈日记
August 5, Black Monday.
Since the release of the US non-farm payrolls data, the global financial market has experienced a major earthquake, and almost all cryptocurrencies have been hit hard. Last week, BTC was still $70,000, and it has dropped to $50,000 in just one week. However, opportunities come from declines, and risks come from increases. We still have to maintain confidence.
Fortunately, there are not many people in the group who have been liquidated, and everyone is relatively calm. So let's talk about what caused this crypto black swan.
One is that the US non-farm payrolls and unemployment rate in July were both cold. The number of employed people announced in the United States in July was 114,000, which was lower than the expected 117,000, and the unemployment rate announced on the evening of August 2 rose by 0.2 percentage points from the previous month to 4.3%, triggering the Sam rule. (One more thing, the United States should learn more from us about beautifying data)
The second is Japan's "surprise interest rate hike". In the past few years, the interest rate of the Bank of Japan was negative. Now Japan has raised interest rates, the cost of funds has increased, and funds have withdrawn from places with high bubbles such as the US stock market, causing market panic.
The third is the uncertainty before the election and the turbulent situation in the Middle East. With Biden's announcement of his withdrawal from the campaign and the nomination of Harris, the probability of Trump's election has decreased. The current military confrontation between Israel and Iran is also intensifying. Geopolitical tensions have put pressure on the stock market and impacted the global financial market.
Of course, there are many other reasons, which are not listed here one by one. At present, there is no signal that the market has stopped falling. At this juncture, leverage and contracts should not be opened easily. Wait until the trend stabilizes.
I didn't do anything today. I saw many people sharing their liquidation stories on Twitter. The one that impressed me the most was the "dentist": from April to July, the dentist accumulated a first pot of gold of up to 7.5 million. In July, 1.4 million was left of the 7.5 million. In the past two days, when BTC was 59,000, he went long and liquidated, and his assets returned to zero.
Whether the story is true or not, a few words are a lifetime, which is quite emotional.
The friends in the group are relatively young, and many are still studying. They often say that they will all in web3 and become full-time traders in the future. Alas, this road is visibly difficult.
Recently, Web2 work needs a physical examination, and I can't stay up late anymore. I wish you all a good body! Good night, that's it for today, and make a fortune in August.
