A "death cross" is formed on the daily line; market pessimism has further intensified; the difficulty of mining has been greatly reduced due to the sharp drop in prices; the new quarter contract still shows a negative premium.

Bitcoin showed signs of decoupling from U.S. stocks in the middle of the week; the 200-week moving average once again undertook the price of Bitcoin; short-term data was not friendly to the low air force.

Highly speculative and liquid assets were the first to be sold off by the market; Bitcoin and the S&P index have recently shown a strong positive correlation; the bear market may not end until the miners completely surrender and liquidate.

The volatility of global assets is increasing, and the attribute of Bitcoin as a risk asset has been emphasized by the market, and this attribute will continue in the short term

Asset prices rebounded this week; Bitcoin reacted in real time to the Fed’s emergency rate cut decision; lower interest rates are good for gold and Bitcoin

Global risk assets have been sold off this week; Bitcoin is still uncorrelated with traditional asset classes; the Bitcoin options market has attracted the attention of traditional financial institutions.

Based on the 60-day rate of return after the formation of the golden cross, two of the previous three events were positive and one was negative

• Bitcoin has formed a bullish golden cross on the daily line, but historical data does not support direct stud • ETH/BTC implied volatility continues to rise, indicating that the market expects it to perform better • The number of balance addresse