@PeterZW0912 A September rate hike could put some short-term pressure on stocks and cryptocurrencies. But I think what's more important is the Fed's stance on future interest rates. If their policy becomes more flexible, the market could recover quickly.
@eactR151929@CryptoPainter This speculation does make sense, and it's possible that whales are swapping their BTC for BlackRock's BTC ETF, but more data is needed to verify this.
After several days of consolidation, no panic selling has occurred. This low-volume shakeout is clearly the main players using this opportunity to shake out retail investors in preparation for the next round of price increases.