#熊市预警 #易理华割肉清仓 #何时抄底？
Let's hedge a bit 🥶🥶🥶
Panic over the New Year: The cryptocurrency market is chilling to the bone, and the bear feast has arrived
As the year-end approaches, the cryptocurrency market is shrouded in a bone-chilling cold. The total market capitalization plummeted by 2.77% in a single day, and the trading volume in 24 hours saw a dramatic drop of 10.63%. The stampede effect of capital fleeing has become fully apparent. Although BTC ETF still has a net inflow of $166 million, this feels more like the last trap set by major funds to lure in investors—against the backdrop of rising global risk aversion, this inflow is simply insufficient to hedge against the systemic selling pressure in the market.
The Fear and Greed Index has fallen to the extreme fear zone of 9, which is a clear signal of market sentiment collapse. The speed at which investors have shifted from greed to fear far exceeds expectations. In the BTC long-short voting participated by 7,500 people, the bearish forces are quietly gaining the upper hand. Coupled with the geopolitical risks of the U.S.-Iran standoff and the diversion of safe-haven funds due to the rebound in gold and silver, the funding situation in the cryptocurrency market is facing dual pressure.
Even more critically, the difficulty of Bitcoin mining has decreased, meaning that the selling pressure from miners will further intensify. During the liquidity drought before the Spring Festival, any slight disturbance could become the last straw that breaks the market. Every rebound now is a lure to buy, and every sideways movement is building up for a downward smash. Holding short positions, one can celebrate the New Year with peace of mind; attempting to catch the bottom against the trend will only freeze to death in the darkness before dawn during this harsh winter.
