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Gate Square New & Returning Creator Rewards are ongoing!
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BTC (flatbread) pullback, some triggers for copycat diving!
1，
The most direct reason
Last 24 hours
#BTC The trading volume of spot ETFs has fallen off a cliff.
Including the first echelon, the overall transaction is not good.
2，
In addition, it was affected by the news of a possible interest rate hike by the Bank of Japan
3，
It is also affected by the delay in the Fed's interest rate cut expectations
The U.S. stock market has also been weak lately
It boils down to one sentence
Changes in supply and demand lead to short-term adjustments!
In the short term, demand is weak for the time being
In the medium to long term, there is still strong demand