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The crypto assets market is undergoing a critical turning point, with various factors intertwining to influence the market direction.
A long-term investor holding 80,000 coins of Bitcoin recently completed the liquidation of all holdings, with a total value of approximately 9 billion USD. This move caused quite a stir in the market, but did not lead to a significant drop in Bitcoin prices, demonstrating the resilience of the current market.
Meanwhile, another large investor opened a new shorter position when the price of Bitcoin reached $116,000, with a total value of approximately $135 million. This operation raised concerns in the market about a potential pullback. It is worth noting that if the price of Bitcoin falls below $114,000, long contracts on major centralized exchanges could face a liquidation risk of up to $1.78 billion.
However, not all investors hold a pessimistic view. The U.S. listed company Volcon has increased its holdings by 2,903 coins of Bitcoin, bringing its total holdings to 3,183.37 coins. At the same time, some large institutional investors are also actively increasing their holdings of Ethereum, with over 104,000 ETH purchased today alone, totaling more than $370 million.
At the macroeconomic level, the upcoming Federal Reserve interest rate meeting is attracting significant attention. The market generally expects that the possibility of a 25 basis point rate cut in July has decreased to 2.6%. Former U.S. President Trump has repeatedly made statements suggesting that Fed Chairman Powell may consider a rate cut, but Powell himself seems to remain committed to completing the established policies during his term.
In addition, the sentiment indicator of the Crypto Assets market shows that the current market is still in a state of greed, with an index of 64. This indicates that despite the uncertainty, investors overall remain optimistic.
With the tug-of-war among various forces and the constant changes in the market, the future development of the Crypto Assets field is highly anticipated. Investors need to closely monitor various indicators and important events to make informed decisions in this market full of opportunities and challenges.