The recent crash of Bitcoin (from a high of about $126,000 in early October to around $90,000 currently, even dropping below $85,000 intraday) was not caused by a single reason, but rather a "perfect storm" triggered by "macro liquidity tightening, regulatory negative news, and institutional capital outflows."
Simply put, the market's previous dream of "interest rate cuts + tax reductions" has been shattered, and cold water has been poured on it. $BTC #比特币行情观察 #十二月行情展望
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The recent crash of Bitcoin (from a high of about $126,000 in early October to around $90,000 currently, even dropping below $85,000 intraday) was not caused by a single reason, but rather a "perfect storm" triggered by "macro liquidity tightening, regulatory negative news, and institutional capital outflows."
Simply put, the market's previous dream of "interest rate cuts + tax reductions" has been shattered, and cold water has been poured on it. $BTC #比特币行情观察 #十二月行情展望