Monday is not very peaceful. Both Japan and China have some influence on the U.S. economy. Just after Takashi Sato's victory, China started to reduce its exposure to U.S. Treasury bonds. Although the risk market is somewhat turbulent, it doesn't seem to have a big impact. The U.S. stock market shifted from a low opening to an increase, bringing BTC back above $70,000. Currently, the market sentiment is still relatively healthy.

This decline does not yet have a clear reason, and we still need to look at more data. However, the U.S. stock market remains resilient. Although cryptocurrencies can synchronize with the U.S. stock market, especially tech stocks, they do so at different frequencies. Due to liquidity reasons, the previous sharper declines and steeper increases have now turned into sharper declines and weaker recoveries.

The S&P 500 is almost back to a new high, while Bitcoin has dropped 40%. To get out of this situation, there needs to be either stronger stimulus for the cryptocurrency industry or a recovery in liquidity. Of course, if the market expects a return of liquidity, it would also be good for cryptocurrencies, such as significant interest rate cuts.

Looking at Bitcoin's data, today's trading volume is not very high. Investor sentiment is still quite suppressed. Although there was some fluctuation during the day, it did not generate panic. The psychological construction of cryptocurrency investors remains very strong. Currently, the trading volume is still dominated by short-term investors, and earlier investors have not made significant moves.

The chip structure is also very stable, which is the biggest difference in this round. If early investors with losses participated in trading like before, it is estimated that the price of $60,000 wouldn't hold. However, it currently feels quite healthy. $ETH $BTC $SOL #易理华割肉清仓 #黄金白银反弹