Who is the driving force behind the slump in the currency circle and the shocking situation?
Interpretation of mainstream currency market
Interpretation of mainstream currency market
Bitcoin (BTC) operation suggestion:
Bitcoin (BTC) operation suggestion:
1. 48000-47800 entry layout empty order, default stop loss, target 45000-44000
Ethereum (ETH) operation suggestions:
Ethereum (ETH) operation suggestions:
1.1530-1540 entry layout empty order, default stop loss, target 1420-1390
Bitcoin Cash (BCH) Operation Suggestions:
Bitcoin Cash (BCH) Operation Suggestions:
1.475-485 entry layout empty order, default stop loss, target 454-459
Wright (LTC) operation suggestion:
Wright (LTC) operation suggestion:
1.168-172 entry layout empty order, default stop loss, target 155-150
In fact, the reason why many bottom-hunting retail investors "returned with feathers" is largely because they misjudged the regulatory trend.
"In fact, the SEC has always been cautious about allowing Bitcoin ETFs to be listed and traded." A hedge fund manager familiar with the regulation of encrypted digital currencies in the United States revealed. Specifically, the US SEC has always believed that the issuer of the Bitcoin ETF cannot guarantee that the price of Bitcoin will not be manipulated by the market, and that Bitcoin, as the underlying asset of the ETF, lacks a suitable custody mechanism so far.
Although the U.S. Department of the Treasury and the SEC have always had disputes over the ownership of regulatory rights for encrypted digital assets such as Bitcoin—the U.S. Department of the Treasury believes that digital currency assets belong to the category of currency management, while the SEC tends to include digital currency assets in the field of security token supervision. The attitudes are consistent in combating money laundering of encrypted digital currencies such as Bitcoin, market manipulation, and improving the supervision of digital currency trading infrastructure. This means that the SEC is unlikely to allow Bitcoin ETFs to be listed until Bitcoin transactions become compliant and legal.
A number of Wall Street hedge fund managers revealed to reporters that compared with the "blind optimism" of retail investors, Wall Street investment institutions are "clear-headed" about this-especially after Yellen made the above views, they realized that the Ministry of Finance and the SEC are likely to temporarily put aside Controversy over the regulatory ownership of encrypted digital currency assets has turned to work together to strengthen the real name of Bitcoin accounts and the supervision of capital flows, giving priority to ensuring the stability and security of the financial market.
In his view, many Wall Street hedge funds have already regarded Bitcoin ETF as a high-priced takeover target. It's just that they didn't expect that many retail investors would instead regard the listing of Bitcoin ETF as a good bargain, triggering this fierce long-short battle between institutions and retail investors. However, in the face of Wall Street investment institutions with positions of more than 50% of Bitcoin supply, retail investors are almost powerless to resist collective selling by institutions.
