#加密市场盘整
Cryptocurrency Market Consolidation: The Game in Silent Waters
In the world of cryptocurrency, the consolidation period is like a silent storm. Recently, the market seems to have entered a foggy sea, where the price charts of mainstream coins like Bitcoin and Ethereum have lost the previous volatility and have instead entered a narrow range of fluctuations.
From trading halls to online communities, the enthusiasm has slightly diminished. New traders have lost the frenzy of chasing highs and cutting losses, while veteran players remain still, waiting for the right moment. Behind the consolidation, there is an intense tug-of-war between the bulls and the bears. Miners keep a close eye on the balance between hash power costs and coin prices; with a slight misstep, their thin profits could be swallowed; institutional investors hold large sums of money, and their data analysis teams work day and night to try to capture the next breakout direction.
The cold wind of the macro economy has also blown into this digital realm. The global interest rate hike cycle has caused hot money to flow back to traditional finance, diminishing the appeal of crypto assets; yet on the other hand, emerging markets have never stopped exploring decentralized finance, quietly supporting the bottom.
