The incident of ACT’s one million dollar dump and nearly eighty million dollars is still fermenting today. As expected, after the leader presented the data showing that retail investors caused the dump leading to chain liquidation yesterday, there was still a necessary reversal today. According to reliable news, a certain security's contract department recently replaced the head of the department, and their managed ACT positions were automatically sold by robots, resulting in direct losses of over 20 million dollars for market makers and indirectly burying a large number of market participants.
As for the four million-level players that have already been announced, they are just a part of this chain liquidation. This is also why yesterday's announcement said that buying and selling is free, and the officials cannot intervene in others' normal operations. If the problem is not within oneself, and if there is really malicious market making by a third party, the method of freezing buybacks like Move a few days ago would have already surfaced.
This is also a headache for the current leader. Externally, we cannot admit that there are internal management issues, and we certainly cannot inform the market that the automatic selling by robots after the position takeover led to the crash. Due to compliance and regulatory pressures, it is also impossible to roll back data like Hype. To prevent CZ from being pledged again, ultimately, four unnamed large holders took the lead in this incident, buying the retail investors of ACT who were also buried. As for whether ACT can recover, Uncle San believes that from the moment market makers are passively liquidated, it is still quite difficult to ease the situation.
The strongest tariff policy decision of Trump will officially land at 3 AM overnight. Currently, there are three different versions regarding the final landing of tariffs in the market, among which a unified tax rate, that is, indiscriminately distinguishing all economies with an additional 20% tariff, is the most destructive, the easiest to implement, and most in line with Trump's simple and rough way of doing things. In addition, mixed tariffs based on relations with the US are also considered a significant benefit. As long as it is not a simple and rough policy like a unified tariff, logically, the market should return to a positive trend after short-term fluctuations.
In any case, the expected negative impact of tariffs has already fermented a week in advance. As long as the policy is within a known range, the actual negative impact it can bring when implemented is just that. What we need to focus on is the repeated impact on inflation after the policy is implemented, the deepening of unemployment rates, and the potential stimulating effect on recession, which brings industry risks. This time, there are opportunities amidst the crisis; if all the negative cards have been played, then it will take time to slowly repair the economic issues.
A certain security announced today the second phase of voting for listing coins. The first phase ended up being a joke, and if nothing major happens, it’s better not to participate in the second phase. Every coin that retail investors vote for ultimately ends up being discarded by the project party once they take the stage, letting the market take over the chips. Such a disordered trading environment is hard to fundamentally change before liquidity is confirmed to be warming up.
As retail investors, the most important thing to do right now is to survive. Is there still a turning point for the market? Can the Shanzhai season come again? What will the trend be like in the next six months? Which sector's chip situation should we focus on? This afternoon, a detailed explanation was given in the article (How much more can a coin that has dropped 90% drop? Just to zero), everyone can take a look!
The market has been very restless recently. Using a friend's words: For the crypto circle, one should have the mindset of BTC reaching 100,000 while also being prepared for a drop to 20,000. Thinking that a rebound will come just because of a sharp drop is a hasty superficial view. We still need to wait, wait for a certain opportunity, wait for an environment that allows for a turnaround, and wait for a future with ample liquidity.
BTC: Bitcoin continues the previous judgment. After the bottom bearish liquidity was swept, there is a short-term warming. It is currently within the bullish warming trend line on the hourly and four-hour charts, and it is expected to continue testing the 86,000-point resistance. The impact of news tomorrow will be relatively large. From the perspective of Trump’s policy landing in the past, the final landed chips will differ from the previous slogans, and it is expected that the bulls will continue to catch their breath. After that, it will depend on the liquidity status. The intraday market pressure is at 86,000 points, and support is at 81,800 points.
ETH: Ethereum is linked to Bitcoin. The funds in the L2 sector are once again active. Although the market didn’t keep up, in the long run, if funds can gradually return to the Ethereum ecosystem, it might also be a significant improvement.
Shanzhai part: Wait for the news to land. Others can communicate in the comments section.
The fear and greed index is at 44 today.
Finally, stay away from leverage and stock up on spot!
