#加密市场观察

Today marks the 593rd day I have been posting updates without a break. Each post is not just perfunctory but carefully prepared. [微笑] If you think I am a serious person, you can follow me, and I hope the daily content can help you. The world is vast, and I am small. Follow me so you won’t have trouble finding me. [微笑][微笑]

Gold and silver plummeted, and countless traders jumped out to show off their profits from short positions. Before the crash, traders boasted about gold being awesome, silver being awesome, buying, rushing—almost at the top. Traders always make money, while retail investors who follow them always lose! In less than 36 hours, gold dropped from $5600 to $4700, and silver from $121 to $77. In less than two days, global precious metals lost about $7 trillion in value.

The explanation given by short-term experts is: Trump announced that the Fed Chair nominee is Waller, disrupting market expectations. But this is just a post-hoc reason. The real reason is simple: this is an inevitable result of a bull market bubble. When the rise reaches an extreme, valuations detach from reality, emotions become highly synchronized, the market no longer prices risk but only prices faith.
In this state, any news is just a fuse.
When the bubble is big enough, it will burst, regardless of who said what.