DAT is experiencing a comprehensive decline, and the market is undergoing deleveraging.

Due to U.S. President Trump indicating a potential halt on the import of edible oils from China, the S&P 500 index fell slightly, exacerbating tensions between the world's two largest economies. The crypto assets market has fallen by 2.05% in the past 24 hours, with Bitcoin and Ether spot ETFs experiencing net outflows for two consecutive days. The digital asset financial company (DAT) saw a nearly comprehensive decline yesterday, as traditional investors chose to step back and observe during this time, becoming the primary targets for market deleveraging.

The US-China trade war is heating up again.

Since late last week, when U.S. President Trump threatened to impose a 100% tariff on Chinese imports, trade tensions have continued to escalate, leading to a significant fall in the stock market.

Although the emotions between both sides have slightly eased, on Tuesday night, President Trump once again pointed his finger at China on his social media platform, stating that China's decision to stop purchasing American soybeans is an "economic hostile act," and threatened to stop buying Chinese cooking oil.

Powell's dovish remarks once boosted the stock market.

Federal Reserve Chairman Powell stated in a speech at the National Association for Business Economics that the economic outlook seems to have not changed much since policymakers met in September to lower interest rates. However, he pointed out that the pace of corporate hiring may further weaken, which will be reflected in the unemployment rate. Powell also hinted that the central bank may stop reducing its balance sheet in the coming months, which is an important shift necessary for maintaining liquidity in the overnight funding market.

Powell's speech reinforced expectations of a rate cut by the Federal Reserve in October amid a weak labor market, causing a brief rise in the stock market.

DAT has fallen sharply, is the market deleveraging?

The crypto assets market has fallen by 2.05% in the past 24 hours, with the fear and greed index slightly rebounding to a neutral range of 42. As funds shift towards safer "major coins", Bitcoin's dominance has risen to 58.6%, while the altcoin season index continues to linger at a low of 39, indicating that market confidence remains very weak.

Bitcoin and Ether Spot ETFs have seen a net outflow for two consecutive days, and the digital asset financial company (DAT) experienced a nearly comprehensive decline yesterday, prompting traditional investors to choose to step back and observe. MicroStrategy (MSTR) fell 4.69% yesterday, while BitMine (BMNR) dropped 6.91%. The hedge fund Kerrisdale Capital, known for publishing aggressive short reports, stated last week that they are shorting BitMine's stock, and MicroStrategy was also a major target of their shorting last year.

( BitMine owns 3.03 million pieces of Ether, the data black box is not worth the premium, BMNR has been shorted ).

The Japanese stock micro-strategy Metaplanet once fell below the net asset value (mNAV smaller than 1). In a situation of weak market confidence, the leveraged DAT is more susceptible to sell-offs, similar to contract trading, and seems to be the primary target for market deleveraging.

(Metaplanet's stock price has plummeted 75% in three months, with mNAV first dropping below 1: Is the Bitcoin DAT frenzy cooling off?)

This article reports that DAT has fallen sharply, and the market is de-leveraging. It first appeared on Chain News ABMedia.