Encryption in direct connection

On February 9, the rate of Bitcoin chose to give up the part of the increase so far this year, because the news media reported that the supervisory authority had increased the punishment in the wider encryption field. The Foreign Securities and Exchange Commission (SEC) announced a clear complaint against Kraken, accusing it of selling unregistered securities, mainly because the enterprise brought cryptocurrency products. Similarly, the New York Department of Financial Services announced an investigation into Paxos, the publisher of Pax Dollar and BUSD Binance stable currency. Although the concerns of regulators have no direct impact on Bitcoin, there are more and more rumors that "Operation Choke Point" in the new era will limit the field of encryption. In short, "room interest point behavior" is a controversial measure taken by the US federal government. It uses the Federal Deposit Insurance Corporation (FDIC) to reduce some "high-risk" but (usually) legitimate industries' good opportunities to enter the US banking system software. Although there is no doubt that there will be a lot of fraud and criminal acts intertwined in all walks of life in the encryption industry, some people are worried that if the regulatory authorities set numerous obstacles with broad limitations, the state's heavy attack is likely to damage responsible individual actors. For example, some people who are still interested in cryptocurrency may choose to find a rough trading center with an offshore account, which will make his property more risky. Some problems of rate of return commodities have been discussed in "Collapsed encrypted rate of return commodity data signal 'extreme work pressure'"

Link to embedded tweets.

Link to embedded tweets.

Bitcoin market dynamics

With regard to the market price of Bitcoin, one can infer that the flow of news reports is the main reason for the recent downturn in the local economy, but after the increase in flammability every day, there are various signs of fatigue in the local area.

The current dynamics of Bitcoin market are as follows:

Link to embedded tweets.

From the perspective of trading volume, because the price of the short squeeze has reached the highest point in 2023, the market now finds itself in a valuable liquidity gap. The transaction volume is applicable to around $21200, and a large number of Taobao buyers wait between $19000 and $20000.

Bitcoin derivatives

The stock futures and derivatives markets have been relatively quiet since the rebound driven by short squeeze molding, which led to the obvious main performance at the beginning of this year. During the period of sharp increase in product prices, pay attention to the requirements of mobile phones, as shown by the negative deviation. Double-headed rising and bearish rising strategies are two different methods for such dynamic and sustainable development. Before the return of the mean value, these strategies can become a drop in the market.

The futures trading market will no longer indicate that Bitcoin is in its depth of diffusion, but it still has not reached the over-temperature level of the bull market, which has caused the collapse of leverage ratio and the collapse of the market like a house of cards.

Spot trading injection is the prerequisite for all valuable extrusion trading positions to show and get rid of the seven-month category of Bitcoin.

Do you like the specific content?Order nowAccept PRO article content directly from the outbox.