Morning Analysis:
The impact of the U.S. stock market and Trump's policies has plunged the cryptocurrency market into turmoil. The recent setbacks for crypto are not its own fault.
#大饼 : Bitcoin's price plummeted from a peak of around $84,000 to a low of about $76,000, with a single-day drop of over 6%, constantly setting new volatility records.
Although Bitcoin tried to maintain an independent trend in the market, it ultimately could not escape the strong influence of the U.S. stock market, which continued to drag it down with negative sentiment.
Meanwhile, Bitcoin ETF funds have continued to flow out, reflecting a waning confidence in the market, as investors cautiously adjust their asset allocations.
#以太 : The liquidation on the Ethereum chain has been ongoing since the price level of $1,900, and this phenomenon clearly indicates that investors who have collateralized Ethereum seem to have given up on saving their positions. The market is filled with pessimistic sentiment, and it is difficult to see strong positive factors that could reverse the situation in the short term.
It is worth noting that the net outflow of ETH spot ETFs has exceeded 10,000 units, further indicating that the selling pressure on Ethereum in the market is continuously increasing.
