闪电客-霖哥

#下任美联储主席会是谁？

Cryptocurrency crash, Bitcoin falls below $80,000, and the blame is once again placed on the old man (referring to Trump's apparent incompetence). 😂

The cryptocurrency market suffered another major blow over the weekend. Bitcoin's price fell below the $80,000 mark, hitting a new low since April of last year, continuing its nearly month-long downward trend.

The trigger for this sell-off is widely attributed to the news of Trump's nomination of Walsh as Chairman of the Federal Reserve. This expectation not only hit cryptocurrencies but also caused previously surging gold and silver prices to reverse course, overturning the market's logic of shorting the US dollar.

During the relatively thin liquidity of the weekend, buying power was insufficient, and Bitcoin's decline on Saturday reached as high as 10%, hitting a low of around $75,709. Other major tokens such as Ethereum and Solana suffered even more severe declines, both exceeding 17%. According to CoinGecko data, the total market capitalization of cryptocurrencies evaporated by approximately $111 billion in the past 24 hours. In the past 24 hours, approximately $1.6 billion in long and short positions were liquidated, with the majority occurring in the last four hours, primarily concentrated in Bitcoin and Ethereum contracts. A mixed bag of fortunes 😁

Have the safe-haven myth collapsed? Funds flow to gold and silver.

It's worth noting that Bitcoin's safe-haven attributes as "digital gold" have not materialized in this round of volatility.

Multiple negative factors overlap, casting a shadow over the market outlook.

Besides the depressed market sentiment, cryptocurrencies face multiple other pressures.

First, there's geopolitical risk. According to Xinhua News Agency, Trump stated that the US and Iran are negotiating, and an advisor to Iran's Supreme Leader also indicated that a "negotiation framework" is being formed. Market concerns about regional tensions persist.

Second, there's regulatory uncertainty. The regulatory bill for a new market structure for the US cryptocurrency industry has been delayed, and the Senate committee has shifted its focus to housing issues, weakening market expectations for regulatory clarity and dampening investment enthusiasm for digital assets.

Finally, and most importantly, is the anticipated personnel changes at the Federal Reserve. Former Goldman Sachs chief economist Gavyn Davies analyzed that choosing Warsh would reduce the risk of a crisis triggered by a "sell America" ​​trade 😱, respecting the market.

$BTC

#金价再冲高位

Stablecoin issuer #Tether is significantly increasing its gold holdings, purchasing 1-2 tons weekly, becoming a marginal force in the gold market that cannot be ignored, providing structural support for gold prices.

(1) How ambitious is Tether's gold strategy?
Tether's CEO has made it clear that the company plans to increase the proportion of gold in its portfolio from the current approximately 7% to between 10% and 15% 🌹

With such operations, gold will be placed alongside U.S. Treasury bonds and Bitcoin, becoming Tether's core reserve asset. Considering that Tether's issued stablecoin USDT has a circulation of about $186 billion, if its portfolio continues to grow, this move will translate into billions of dollars in new gold purchase orders. Currently, Tether holds about 130 to 140 tons of physical gold, valued at approximately $23 billion to $24 billion.

(2) Marginal driver, not price dominator

The supply of gold is inelastic in the short term — global gold mine annual production is about 3,500 to 3,600 tons, plus 1,200 to 1,500 tons of recycled gold, which cannot respond to a sudden surge in demand within weeks or months.

Therefore, Tether's procurement primarily comes from existing above-ground stocks, obtained through over-the-counter markets and Swiss refineries, rather than the futures market.
Ultimately, the core forces determining the long-term trend of gold prices remain macro-driven factors such as Federal Reserve policy, the strength of the U.S. dollar, and global risk sentiment.

In summary, Tether's gold purchasing actions have added new structural demand support to the gold market. It has tightened the supply of physical gold in the short term and marginally supported gold prices. But it is essentially a 'stabilizer' in the market, rather than a 'game changer.' Its role is to strengthen an already bullish market backdrop rather than trigger a significant surge in gold prices solely on its own.

Keep it up

#加密市场回调

Stimulating, bottom fishing equals home raiding, who dares to come, absolutely 'no return' this liquidity is almost exhausted, panic has reached its peak, sol beans are in double digits 😄, brothers are you still okay?

Finished😭😭😭damaged

$XAU
#贵金属巨震

4800 stop loss, just a little bit of stop loss, that was close, will I not lose today?😱 I think I won't, give me a rebound, waiting for you at 5000😕
$XAU

#合约养家

This morning's live broadcast gave orders, all of which were profitable✌️, did you keep up?😁
$ETH
$BTC

can

Let's go

Let's learn together

Keep it up💪

Go for it

Not bad

$ETH

The greater the wind and waves, the more expensive the fish. Can this market survive in dire straits? 🤓 Currently anticipating a rebound in 1 hour ❤️

#金银为何暴跌
Gold is still more resilient, currently holding long positions around 4900, no need to panic, let's see how it goes. If you have joined in, hold on for now, don't act yet, we'll discuss it when it reaches 4800😏, risk aversion will definitely become stronger
$XAU

$ETH

Is Ethereum done for? 😑 Turns out the copycat leaders weren't just making noise; this trend is really poor 👎$ETH

$BTC
It's a complete disaster 🤦‍♂️ This market situation has hit many people hard, unfortunately, my 🈳 order got off the train so early. I actually knew that the government shutdown would accelerate the market decline, but unfortunately, I left too early.
$BTC