Author: @0xChainMind, Crypto KOL
Compiled by: Felix, PANews
CZ had predicted the recent crash as early as 2020, and Federal Reserve Chairman Powell also said the Fed cannot hold Bitcoins, and Trump's government reserve plan was blocked. The current market situation may be unclear to many, what is the "truth" behind the current market decline?
The past two days have been a nightmare for all Altcoin investors, with BTC dropping about 15% and dragging down the entire Altcoin market. Market sentiment has quickly shifted from "the bull market has arrived" to "the bull market has ended." But few know that this may be part of a government plan to "drive out" all the weak holders from the market.
After Powell's speech, the market began to see a slight pullback, as Powell said the pace of fighting inflation has slowed.
These words mean they don't plan to lower interest rates. It is well known that low interest rates are the key driving force behind the bull market.
Inflation data has also been released, lower than everyone's expectations. As a result, the probability of a rate hike in March has risen to 46.9%. But there seems to be something wrong with this.
These macroeconomic negative factors seem to be the only reason for the decline.
During the decline, Trump's campaign team has been actively hoarding assets. In just two days, they bought over $70 million worth of ETH, WBTC and other Altcoins.
This inevitably makes one think of potential market manipulation.
The market is overheated, and it is clear that the government has decided to cool down the market.
This is beneficial to both the market and the government. Because it is much easier to hoard Bitcoins at lower prices.
If you think the beginning of this article is just to attract readers, you are wrong.
As early as 2020, CZ tweeted: Waiting for the new headline: #Bitcoin "plunges" from $101,000 to $85,000.
Now CZ has posted again: "Waiting for the new headline: #Bitcoin hits a new all-time high again."
This tweet clearly reflects CZ's optimistic sentiment and a clear understanding of what is happening.
The only other thought the author had after CZ's tweet was that the price could also pull back to $85,000. That's why you need to be cautious in trading now to avoid unnecessary risks.
However, as the chart of the long-short ratio shows, this price level may be quickly bought up.
Considering all the information, this decline is clearly just a regular market fluctuation. This is necessary for the market, because when everyone just holds, the market cannot continue to rise, and a new wave of buying is needed now.
As mentioned earlier, it is recommended not to trade blindly at the moment. This is an unnecessary risk, especially if you already have a position. The only thing you can consider is to cautiously buy BTC in the range of $85,000 to $87,000.
