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BTC plunges, altcoins collapse. The election is favorable in the future, and investors are surprised by the plunge, why? What important information was ignored?

The following content is from <Followin>, the latest analysis from industry practitioners.

Phyrex@Phyrex_Ni:
I don't know why it's falling, but there are indeed a number of unfavorable factors today, but these factors are not the key ones.
For example, the tech stocks' earnings reports are indeed not very good, even dragging down Nasdaq and S&P 500, and Coinbase's earnings report is very poor, plunging more than 15%, but MSTR only fell 1.15%...

With the election approaching, BTC plummeted by nearly 4000U, and altcoins collapsed. Why?

On the eve of the 16th anniversary of the Bitcoin whitepaper, CZ, who has been out of the spotlight for a while, stated that 2024 will be a "year of recovery".

BTC briefly fell below $69,000. Where is the promised new high?

Approximately 5 days remain until the results of the US election are announced. Although on the Polymarket prediction market, Trump has an overwhelming advantage (with a 63% vs. 37.1% probability of winning over Harris), according to poll results, the support rates between Trump and Harris differ by only 1%.

The cryptocurrency market is already flooded with a large number of Trump and Harris concept coins, some of which have been created for over a year, while others have just been created, with market capitalizations ranging from hundreds of millions of dollars to tens of thousands of dollars. The outcome of the US election will determine the fate of these tokens, whether they will go to zero or take off. In the next few days, these tokens will...