#Matrixport Prediction That ETF May Be Delayed Causes Panic with BTC Plummeting Nearly 10%#
On January 3, Matrixport reported that the SEC is expected to reject all proposals in January as all applications fail to meet key requirements. If the SEC refuses to approve, the market will see large-scale liquidation activities and the price of Bitcoin may quickly drop by 20%. After the news spread, the crypto market suffered a plunge, with BTC once falling to around $40,500, a drop of nearly 10%, and ETH once falling below the $2,100.
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MandyWang
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Learned something new! The black swan event has been found! This article uses data to demonstrate that the recent BTC crash was caused by systemic deleveraging triggered by multi-asset portfolios in traditional finance. On that day, risky assets such as software stocks fell first, forcing multi-strategy funds to reduce their risk exposure. BTC, being included in the same risk basket, was also passively reduced in its holdings. Therefore, what was sold off this time was not "long positions in Bitcoin," but rather "already hedged arbitrage and spread trades" (such as CME basis trading). During the decline, option hedging was triggered, and market makers were passively selling Bitcoin, creating technical selling pressure of "selling as the price falls," thus amplifying the decline. Therefore, during the crash, Bitcoin spot ETFs did not experience the significant net outflows expected; on the contrary, some hedging and market-making activities even brought in subscriptions. Essentially, this is a passive impact during the risk reduction process of traditional financial TRADE, not some conspiracy theory from the native crypto market coming true. This version seems much more plausible than blaming "unidentifiable Hong Kong institutions"! twitter.com/mandywangETH/statu...
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予与vkx
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This once again proves that opportunities are everywhere in the crypto. My phone alarm went off at 00:13. I opened the app and saw my pending ETH short order had been filled; the candlestick chart showed a sharp up-and-down spike. My first reaction was to quickly place an order, close the position for profit, and repeat this process until the last order hit profit at 00:17, after which the price returned to normal. I made a quick profit on A8 in 4 minutes. Looking at the candlestick chart, the window lasted from 5 minutes to 17 minutes, a full 12 minutes. Whether you can seize the opportunity depends entirely on your courage. BTC plummeted from 90,000 to 60,000, then rebounded 20% amidst extreme panic. This was largely due to premature buy the dips leading to profit retracement. The saying "XX died trying to buy the dips" is certainly true. Since I've shared this, I'll also discuss the subsequent market trend. This is just my personal opinion and for reference only. BTC has experienced its first five-month losing streak, and it's unlikely to recover this month. Will it see a positive close next month? In the short term, 60,000 is the bottom, with 7.2-7.4 being the previous top range and a strong resistance level. If there's a second test of around 65,000, I'll consider buy the dips with leverage, trading within this range. That's all.
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提阿非罗
1. Current Recommended Direction: BTC's current fluctuations within a few hundred points are normal. There are no clear signs of overextended upward movement or significant pullback. It is recommended to remain on the sidelines and avoid blindly chasing highs and lows. 2. Position and Risk Management Recommendations: It is recommended to hold a light position or remain on the sidelines, avoiding heavy positions. There are no clear stop-loss or take-profit levels indicated. Given the normal volatility, it is advised to adjust positions flexibly based on market fluctuations and be wary of short-term risks. 3. Suitable Trading Style: Suitable for conservative medium-term traders or trend observers. Currently, there are no clear catalysts driving the market. Aggressive short-term trading or frequent trial trades are not recommended. Maintain patience...
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