Non-farm payrolls and CPI are favorable, yet BTC is falling instead of rising. Coinbase and major exchanges are frantically selling off, aka insider address is shorting 5 million USD. Is Musk about to take action against crypto?

Non-farm payrolls and CPI are favorable, yet BTC is falling instead of rising. Coinbase and major exchanges are frantically selling off, aka insider address is shorting 5 million USD. Is Musk about to take action against crypto?

CPI data is excellent, pushing interest rate cut expectations higher. US stocks and commodities are rising. It is worth noting that during this period, ETH institutions announced unlocking and reducing holdings, promoting discussions about GMGN and other DEX content and bloggers, which faced a complete ban. The market is also experiencing frequent anomalies, indicating a sharp decrease in long positions on major exchanges. Previous occurrences of this situation corresponded to the major ETF liquidation in March 2024 and the Christmas crash on December 25. Currently, long positions are rapidly declining to low points.

Moreover, a while ago, the aka known for doing counter trades with Jams in HY was called an insider address. Every time there was action from the Chuanpu, it would quickly open high-leverage long and short positions worth tens of millions, and often win. This month, this address has repeatedly made losing shorts, and this morning continued to short 5 million USD, causing market panic.

There are rumors online that Musk wants to conduct a major cleanup in crypto to clear obstacles for his crypto journey. It is said that X will integrate stablecoin wallets, which explains why top DEX bloggers were banned by X two days ago.

Yang mentioned last time that June will see a dual impact from the Federal Reserve meeting and the maturity of US debt, with liquidity being drained. Pay attention to market fluctuations and wait for bottom-fishing opportunities. Yang has opened the comment section, friends can leave messages to discuss.