US credit ratingNun with Moody’s for the first time from “AAA” to “AA1 için for the first time in 75 years later, on Monday, the crypto currency market almost had a cold shower effect. Ethereum (ETH) $2,411.27, Solana (Left) and XRP leading Altcoins were shaken by up to 8 percent by giving back the entire rise of last week. The total market value melted billions of dollars within hours. On the other hand Bitcoin (BTC) $102,915.01Sunday night after climbing up to 107 thousand dollars to 103 thousand dollars by retreating and maintained its leadership. Analysts emphasize that increasing treasury bond returns are rating the risk appetite, while institutional purchases continue to support Bitcoin.
CREDIT RECOMMENDING FALL MADE THE MARKET IN THE REVERSE CORNER
Moody’sThe US’s credit rating has led to a sudden contraction in the global risk appetite. 10 -year Treasury bond return to 4.5 percent, 30 -year return on 5 percent of the climbing stocks from stocks to commodities was a wide range of sales. Crypto Money Market He could not escape this wave. Ethereum When hanging up to 2 thousand 380 dollars instantly, LEFTXRP and ISLAND In the same time period, he wrote a loss of 4-6 percent.
From BRN, the research organization Valentin FournierBitcoin during the weekend and altcoin‘s “mixed” watched “mixed”, but the main pressure was felt on the Altcoin side, he said. According to Fournier, the search for returns by corporate investors creates partial protection in large -capital assets, while making a net sales print on more speculative subcoins.
Following the Moody’s decision, the essays of “buying from the bottom” were insufficient, while the weakening of spot volumes increased the tension. Nevertheless, Fournier added that the bond shock was “lack of catalysts çıkmış for a permanent sales panic, and that investors went to wait for future macro data.
Liquidations and expected congested transaction band period
The weekend Bitcoin RallyBoth rise and short positions in the futures markets caught unprepared. According to Coings data, the total 24 -hour total liquidation amount on Sunday night exceeded $ 667 million. 173 million dollars of this came from Bitcoin. 82 million dollars from long positions, $ 91 million from short positions, while deleted, Eth Most of the damage on the side was written to those who expect “higher price”. 205 million dollars Long, $ 58 million Short positions were liquidated. Since these figures are limited to the data reported by the stock exchanges, the real picture is probably even higher.
QCP Capital, on the other hand, in the market assessment note he shared on Telegram, despite the credit rating shock, Bitcoin’s rise at the weekend, he used a strong indicator that corporate accumulation is still in circuit. Singapore -based company, Japanese Investment Company Metaplanet and USA StrategyPointing out the loaded purchases of the spotlights on the market highlighted spot purchases.
Fournier is waiting for a crucible, narrow band up to the core PCE data to be announced on May 30th. “The lower side is not risk -free but limited. Fresh corporate demand or a new macro trigger is required for the upper side.” he said.
Market players, while maintaining premiums of option strategies waiting to explode volatility, the spotlight in the market $ 100,108 thousand dollars in the short term can create a balance zone for Bitcoin. On the Altcoin front, volumeless rise make the investor cautious. Analysts agree that a clear story is required to redistribute capital.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.