$ETH A 100-point plunge—is it a sign of collapse or an opportunity to gather strength for a rebound?

From last night to today, we can also say that a black swan has arrived. Now both Bitcoin and Ethereum have broken below this month's new lows. Bitcoin dropped below 75,000, reaching a low of 74,200, and Ethereum's lowest was 2007, with over a hundred million dollars in short-sellers liquidated.

But this sharp decline also has its signs: the first is the arrival of the new Federal Reserve Chair. Those who have been in the crypto space for a while should know that whenever the Fed Chair changes, the crypto market usually experiences a major crash, and this is already being validated.

Secondly, the ongoing tension between the US and Iran. Sometimes they are close to reaching an agreement, and other times they are on the brink of war. Both sides keep exchanging threats, but their situation constantly impacts the global financial markets. Under this tense situation, many large investors are unwilling to take risks, leading to a flow of funds out. Once a critical point is reached, retail investors also follow the capital outflow or get liquidated, causing a stampede, and prices are pushed down continuously.

Currently, entering each cryptocurrency requires careful consideration. After all, your money doesn't grow on trees. You need sufficient data support and analysis before entering the market, ensuring that your profits and risks are proportionate, so you can survive and thrive in the crypto world! #沃什宣誓就任美联储主席