美股第二天的抛售很疯狂，纳指-5.8% 标普-5.9%；而大饼又扛住了一次。
历史上比特币也曾多次和美股脱钩，美股跌大饼不跌，美股涨大饼不涨。
但近两年比特币和美股正相关非常高，所以目前这种情况看不懂了。#bitcoin https://twitter.com/tenbili_0xbilly/status/1907951579090804971

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U.S. stocks experienced a crazy sell-off on the second day, with Nasdaq down 5.8% and S&P down 5.9%; meanwhile, BTC held up once again.

Historically, Bit has often decoupled from U.S. stocks, with BTC not falling when stocks fall and not rising when stocks rise.

However, in the past two years, Bit and U.S. stocks have been highly positively correlated, so the current situation is puzzling. #bitcoin https://twitter.com/tenbili_0xbilly/status/1907951579090804971

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

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