Yesterday, I saw that the significant event behind was related to Musk. In the early morning, this event indeed seemed to be related to the United States.
As mentioned earlier, the reference point became related to a political event involving Musk and Trump, which now signifies behaviors of expelling immigrants, attracting migrants to escape, and compelling currency exchange for leaving while retaining funds.
The article also mentioned another key point in the early morning.
Starting at dawn, a large amount of retail investor funds rapidly converted US dollars into cryptocurrencies and also exchanged them into RMB, causing offshore RMB to rise quickly, although the onshore RMB remained unchanged.
By five in the morning, the largest amount was exchanged, which was at the BTC 110,000 position.