Why have so many unfavourable information suddenly appeared in the market recently? Currently, the industry is mainly discussing these three things:
First, the latest statement from the Governor of the Bank of Japan is hawkish, and market expectations for interest rate hikes have noticeably increased. According to Polymarket data, 51% of people are betting on a 25 basis point rate hike in December.
Second, MicroStrategy's current CEO revealed that if the stock price falls below mNAV, the company may consider selling a portion of its Bitcoin reserves.
Thirdly, the central bank of a certain Eastern country has once again reiterated its strict regulatory policies on cryptocurrencies and warned that it will continue to intensify its crackdown on stablecoins.
With these three pieces of news stacked together, it's no wonder the market sentiment has been so tense recently.
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OnChainDetective
· 12h ago
nah, 51% on polymarket screams manipulation to me. traced similar betting patterns during the 2021 crash... suspicious wallet clustering detected right before these coordinated dumps. mstr dumping btc reserves? classic capitulation signal, historically precedes 30-40% rallies not crashes. something doesn't add up here.
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WenMoon
· 12h ago
Is the wheat going to dump again? That guy MSTR really knows how to pick his timing.
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OnchainArchaeologist
· 12h ago
Wait, MSTR is going to sell coin? Isn't this a sign of dumping?
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RunWithRugs
· 12h ago
Here it comes again, the Bank of Japan, MSTR, and some country's central bank... who can withstand this combo punch?
Is MicroStrategy going to slam Bitcoin? Is this a game of who surrenders first?
Really, once the stablecoin sector is targeted, there's no peg left, how will we play after that?
I mean, why do these messages have to come in a pile? This is too coordinated.
As soon as interest rate hike expectations come up, all liquidity is sucked away, BTC needs to stay calm and wait.
That country's side has started cracking down again, there should have been a plan in place already.
That's how this market is, bad news comes one after another, when will the good news arrive?
Why have so many unfavourable information suddenly appeared in the market recently? Currently, the industry is mainly discussing these three things:
First, the latest statement from the Governor of the Bank of Japan is hawkish, and market expectations for interest rate hikes have noticeably increased. According to Polymarket data, 51% of people are betting on a 25 basis point rate hike in December.
Second, MicroStrategy's current CEO revealed that if the stock price falls below mNAV, the company may consider selling a portion of its Bitcoin reserves.
Thirdly, the central bank of a certain Eastern country has once again reiterated its strict regulatory policies on cryptocurrencies and warned that it will continue to intensify its crackdown on stablecoins.
With these three pieces of news stacked together, it's no wonder the market sentiment has been so tense recently.