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💫Why is this pullback so severe this time?
💫The real reason behind the violent fall?
💯follow Xiaoshimei, let's explore the mysteries behind it together
⚡The US unemployment rate in July reached 4.3%, which is much higher than market expectations.
The normal rise in unemployment rate is seen as a good sign of an upcoming rate cut, but this time the decline in the unemployment rate has triggered the "Sam Rule"
He represents the beginning of an economic recession
⚡ So it's not just the crypto world, but the US stock market has also experienced a big dump, with AR robots leading the way - Intel, a big dump of 32% on the same day
⚡The US stock market has evaporated a market cap of 2.899 trillion, marking the largest decline since the COVID-19 crash.
💢However, everything has two sides:
① This time, Morgan Stanley will become the first bank to allow brokers to recommend Bitcoin spot ETFs to clients.
②And starting from August 7th
All financial advisors of the company can invite eligible clients to purchase two Bitcoin spot ETFs, including BlackRock's IBIT and Fidelity's FBTC.
In the future
More asset allocation will run towards ETFs, BTC is definitely able to resist inflation and depreciation.
July ETF exceeded 50,000 BTC
Cumulative net inflows of 17.746 billion, a new historical high.
The performance of the ETF of ETH is not as expected.
A net inflow of 1 billion occurred in the current period.
The cost of grayscale Holdings is too low, leading to large-scale dump
BlackRock ETH ETF surpasses 1 billion
Currently accounts for 21%
The launch of ETH's ETF did not create wealth effects.
💢This time big dump
Personally, I think this is a conspiracy by the Americans, using Wall Street to short the market, and it feels like they are planning an even bigger scheme.
🔥Lao Ties, hold on to your own bullets, wait for the opportunity, and don't play contracts!!!
💰Spot positions can be slowly built up.
SOL
people
pepe
1000sats