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In essence, it is a comprehensive liquidation across the entire network that physically wipes out all long positions.
Within the framework of political arbitrage (the benefits of the midterm elections in November), June indeed allowed the market to smash out an epic gold pit via a single “extreme squat.” But when BTC is smashed to 38k and XRP to 0.6, that’s already beyond the scope of “detox,” and it’s more like flipping the political chessboard.
#30年期美债收益率突破5%
#特朗普推迟打击伊朗 #普京访华