A friend asked why $BTC has dropped again, and I really don't know. I've been busy organizing research on RWA and coin-stock trading pairs recently, but I took a quick glance and found that just an hour ago, the Nasdaq had broken its historical high during trading, and although the S&P 500 hasn't broken through yet, the gap is not large. This indicates that there is no systemic risk in the market.
It's likely due to Bitcoin's own adjustment mechanism. Many friends believe that the interest rate cut has turned into a negative factor, but in reality, investor sentiment is quite good. After all, there are still expected interest rate cuts in October and December, so the trend of the U.S. stock market is quite positive. Moreover, BTC itself has a high correlation with the U.S. stock market, especially tech stocks, so I personally think there isn't much of a problem.
This article is sponsored by #Bitget | @Bitget_zh
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