The financial giants on Wall Street have once again demonstrated their unparalleled control over the market. BlackRock and other giants have quietly accumulated nearly 350,000 Bitcoins (BTC) through their ETF products. This number is staggering and almost close to the holdings of Satoshi Nakamoto. The spot price in the market seems to be firmly controlled by these big capitals, and the fluctuations are under control. People can't help but wonder how many chips they will absorb before they let the market run freely?

CPI data unexpectedly fell, but BTC suffered a sharp drop

Last night, the Consumer Price Index (CPI) data released by the United States was lower than market expectations, and the annual inflation rate fell back to 2.9%. This good news should have been a catalyst for BTC to rise. However, surprisingly, BTC failed to break through the key resistance level of $62,000, but instead plummeted after the data was released. The market generally expected a rate cut in September, but whether it will be reduced by 25 basis points or 50 basis points remains a mystery. However, this good news did not stimulate BTC's upward momentum, but instead became an excellent opportunity for dealers to ship.

Market maker strategies under liquidity shortage

At present, the liquidity of the cryptocurrency market is seriously insufficient, which facilitates the operation of the banker. After the BTC price fell to $49,000 last time, the banker quickly intervened and bought a large amount, and then quickly raised the price to above $62,000. However, due to the rapid increase in the price, there was a lack of sufficient buying orders below, making it difficult for the price to continue to rise. At this time, the positive announcement of CPI data became an opportunity for the banker to sell. They took advantage of the bottom-fishing sentiment in the market and dumped the chips to retail investors at around $60,000.

Battle wits and courage with the banker, waiting for the market to break through

Faced with the cunning operation of the banker, investors need to remain calm and rational and avoid being swayed by market sentiment. Currently, the BTC price is at a critical point before the breakthrough, and the main funds are using the news to frequently insert pins up and down to complete the turnover of chips. For investors, it is important to hold the chips in hand and wait for the market breakthrough to come. At the same time, we should also pay attention to the market support range, that is, the 55,000-57,500 US dollars area, which is an important support level for the current price.

Although the good news in the market failed to drive the rise of BTC, investors do not need to be too pessimistic. In the context of lack of liquidity and manipulation by bankers, market fluctuations are normal. The key is to stay calm and rational, fight wits and courage with the bankers, and wait for the opportunity for a breakthrough in the market.

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