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Essentially, it is a comprehensive liquidation of all long positions across the entire network to physically zero.
Within the framework of political arbitrage (benefits from the November midterm elections), June indeed allowed the market to create an epic golden pit through an "extreme squat." But when BTC drops to 38k and XRP drops to 0.6, it has gone beyond detoxification and into overturning the political poker table.
#30年期美债收益率突破5%
#特朗普推迟打击伊朗 #普京访华
Within the framework of political arbitrage (benefits of the November midterm elections), June indeed allowed the market to create an epic golden pit through an "extreme squat." But when BTC drops to 38k and XRP drops to 0.6, it has gone beyond detoxification and is considered overturning the political poker table.
#30-year U.S. Treasury yield breaks 5%
#特朗普推迟打击伊朗 #Putin visits China