Last night at 9:30Bitcoin approached the high of $68,000 and then quickly fell, reaching a low of $64,800 before slowly rising and stabilizing at $67,000, forming a "win-win" situation for both bulls and bears with a sharp drop and rebound. This phenomenon also shows that Bitcoin is confident in returning to$70,000 before the US election, and the crypto market cap has returned to $2.4 trillion.
Prediction market traders have become more optimistic about BTC's price potential in the past week. On Polymarket, the trading price of the contract asking whether BTC will set a new high by 2024 has increased by 9 percentage points, reaching64%.
Why is this round of the Bitcoin bull market continuing to siphon off hot money from the market, while the A-share market is facing some resistance to its rise,Is the competitive flow of liquidity capital that is "bright in the East and bright in the West" sensing what signal?
The previous article mentioned that money has long legs, and the environment with stable policies and good policies naturally has more hot money willing to come in and earn investment dividends.The 0.5% rate cut by the Federal Reserve on 9.18 and the policy timeliness under the presidential election turmoil have led some investment families to turn their attention to the other side of the ocean, taking advantage of the Federal Reserve's rate cut channel and the continued depreciation of the US dollar, the panda has implemented a series of stimulative new policies, releasing a large amount of RMB, blowing up short positions both at home and abroad, and violently pushing up A-shares, Hong Kong stocks, and Chinese concept stocks. Like a dry sponge, when other countries' stock markets are falling, global funds are rushing to the panda's home, afraid of missing the opportunity. This is also the reason for the rampant bull market in A-shares, and the seemingly stable and peaceful panda's home is about to realize the next growth opportunity for the economy.
But will the big and beautiful be willing to accept this?
The big and beautiful, who are capable of both civil and military means, immediately complete the combat deployment of the financial warfare system:
Civil:The introduction of the Patriotic Investment Act makes the investment returns in the panda's home no longer enjoy capital gains tax and are taxed at the highest rate of 37%, to intimidate investment families in the US to withdraw, and the Federal Reserve also suddenlyis not in a hurry to cut rates quickly to reassure the families, after all, a rate cut still makes the returns of funds in the US far greater than the panda's home, and the idea of shifting investment focus is not urgent at the moment, joining Japan and Europe to intercept funds, achieving a rapid drop in the dam gates, temporarily slowing the water level of funds.
Military:Disrupt the peaceful environment of the panda's home. The powder keg of the China-US hot war lies in Taiwan and the Korean Peninsula. The territorial legitimacy of Taiwan is generally a consensus in the international community and is supported by laws, and the big and beautiful is simply trying to gain more negotiation benefits in the process of pulling, which is almost impossible to shake the panda's determination and ability to return Taiwan. Time and morality are on the panda's side, but if the Northeast Korean Peninsula, as the panda's lips and teeth, can create some turmoil, it is believed that the economic and peaceful investment advantages of the panda's home will be hit. Proxy wars and color revolutions have always been the big and beautiful's forte, and by exporting wars and bundling national emotions to divert domestic emergencies and activate the military-industrial complex to sell war profits, they can achieve multiple benefits. Just like the Epstein Lolita Island incident, the toxic chemical spill, and the recent hot rapper Diddy's child abuse list, the big and beautiful urgently need a big event to divert attention and quickly extinguish the leadership's public opinion risks. The location of the Korean Peninsula and the growing military capabilities of the strongest 80s generation have given the big and beautiful the idea of disrupting the peace of the panda's home.The leaflet dropping by the little stick and the bombing and road destruction by the strongest 80s generation have left the war risk on the 38th parallel of the Korean Peninsula just short of a missing soldier, the mobilization of the war machine and the surge in the number of conscripts, a proxy war on the Korean Peninsula will pull the various forces and capital flows.
Civil can intercept, military can divert, the outflow of big families is not urgent, and the funds in the risk area on both sides also have concerns about falling back into poverty. What channels can satisfy the needs of these capitals to flee or make money?The answer can only be crypto, especially the crypto "chaebol" of the little stick and the "hacker" organization of the little Chao, a large part of the Eastern crypto group comes from this peninsula, the daily trading volume of hundreds of billions of the little stick's Upbit exchange and the far-reaching fame of the little Chao's hackers, capital transfer through crypto is not a technical problem, the consensus on the island is Bitcoin and USDT, the outflow of cross-river capital may be on the eve of the war.
War is not easily started, the degree and duration of the war will drag the world pattern and capital movement towards the unknown, this is the best of times and the worst of times, the breakdown of information barriers and transparency allows everyone to see the truth, whether to make disaster profits or to watch their own little piece of land, but we in this era are more like small boats on the sea, sunshine and coastline are what we need and strive for, the bigger the waves, the more expensive the fish, but we still have to go ashore to talk!
