😱 On weekends, only the crypto world is open. When bad news comes, the crypto world is not a safe haven asset; it is the world's ATM.
😱 This liquidation is not "washed out," it's that over the weekend only the crypto market remained open worldwide, and the bad news from the Nvidia scandal and US-Iran negotiations could only hit the crypto market. On Monday, the US stock market rebounded, but the liquidated long positions will not come back to life. ① Nvidia CEO under investigation, US-Iran negotiations stalled, BTC weekend low at $73,477, the lowest since August (CoinDesk). ② CoinGlass: $1.15 billion liquidated in 24h, $1.04 billion long positions, largest single ETH long position $48.2 million (The Block). ③ On Monday, the Nasdaq rose about 2.5% intraday, BTC still at $75,170 (−1.2%). 🎙 Today's retail traders are those who thought there was no news over the weekend and dared to open high-leverage long positions." 📌 US October CPI will be released tonight at 21:30 (Taipei), please reduce leverage and set stop losses. The above is not investment advice. The US stock market digested the Nvidia scandal in one day, but the crypto market has not recovered: Is Nvidia the real reason, or just an excuse for funds that were already withdrawing? $BTC $ETH $SOL #USOctoberCPIPreview: Will the December rate hike expectations change?
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