Musk is just a jerk. It's better not to have a geek blockchain network that can be influenced by his words.

The market has been in a state of collapse in the past few hours! I thought the 97,000 level would hold, but the bad news kept coming out, which made the market confused.

Let me first talk about what happened:

1. Trump made big news again
- The New York court rejected his request to postpone the sentencing, so he may have to face trial before he is elected
- Then he made a harsh statement at Mar-a-Lago, saying that he would annex Canada, seize the Panama Canal, etc. This shocked the international community

2. Musk suddenly poured cold water
- Everyone thought that X platform was going to do crypto payments, but Musk directly said that he would not consider it for the time being
- He said that he would do fiat currency payments first, which immediately dampened the enthusiasm of the currency circle

3. How terrible is the data?
Take a look at the liquidation data in the past 4 hours:
- A total of 136 million US dollars were liquidated
- ETH was liquidated for more than 40 million
- BTC was liquidated for 25.1 million
- DOGE and SOL were liquidated for about 6.6 million each
- The worst hit were the bulls, accounting for 91.9%

The attitude of the Federal Reserve is not optimistic either:
- It is basically certain that it will remain on hold in January (95.2% probability)
- There is not much hope for a rate cut in March, and the probability of maintaining the interest rate unchanged is more than 60%

In the short term, the market will definitely continue to fluctuate, after all, there are so many negative factors. But don't be too pessimistic, in the long run, the development prospects of cryptocurrencies are still very good. The most important thing now is to keep a stable mentality and don't be carried away by market sentiment. Don't indulge in various high-multiple contracts...

#加密市场回调 $BTC