Recently, Bitcoin has indeed been having a tough time. After falling for seven consecutive trading days, it has now slipped to around $88,000. If this trend continues, it is very likely to set the longest losing streak since May 2023.
Interestingly, while the crypto market is in the red, traditional finance has quietly rebounded. The Dow Jones Industrial Average rose by 0.6%, and the S&P 500 also gained 0.5%. This contrast is indeed worth pondering—Bitcoin is dropping while the US stock market is climbing. This divergence between cryptocurrencies and traditional stocks mostly reflects differences in market participants' sentiment and shifts in capital flow.
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TokenDustCollector
· 01-24 14:58
88,000 still needs to fall, where is the real bottom
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US stocks rise while the crypto market falls, funds are clearly shifting
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Seven consecutive declines are so severe, does anyone dare to buy the dip
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Here comes the divergence phenomenon again, tired of hearing this rhetoric
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The S&P rises by 0.5% and then rebounds? Compared to that, cryptocurrencies are really miserable
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Liquidity is fleeing, it feels like big players have lost their sense of direction
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The record for May 2023 is about to be broken, this time it's a bit different
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Traditional finance is cutting the leeks, crypto is also cutting, no one should run away
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Is 88,000 the bottom? I don't think so
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SneakyFlashloan
· 01-23 20:27
Still not buying the dip at 88,000? I don't have the guts for that.
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AltcoinHunter
· 01-23 11:16
88,000 can't hold, I'm really starting to feel the pressure. It seems like this wave of Bitcoin is just the last kneel before the bottom is formed. Hang in there, everyone.
The rebound in the US stock market is actually quite ironic; capital is so realistic—whoever rises, runs to them. The end point of the retail investor mentality is chasing both sides.
Seven consecutive days of decline breaking the 2023 record? If it's coming, let it come completely. Anyway, I've already cut my losses (x).
Behind this, either institutions are offloading to exchange for US stocks, or retail investors are truly scared and starting to reduce their positions. If you ask me, wait for the next rebound signal to get in. Buying now is just giving away your money.
Honestly, it's still the consensus that is wavering. True believers wouldn't run so quickly.
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SeeYouInFourYears
· 01-23 01:43
Can 88000 still fall? I already cut my losses long ago, brother.
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AirdropworkerZhang
· 01-21 19:51
Really, this wave of decline is incredible, even 88k can't hold
Wait, no, the US stock market is rising while crypto is falling, are they trying to cut us?
Falling for seven days straight and still breaking records, I can't hold my position anymore
Funds are really fleeing to the US stock market, this divergence is too painful
By the way, is there still anyone daring to buy the dip now? I don't dare
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LonelyAnchorman
· 01-21 19:50
88,000 can't hold up, it looks like we have to wait for a big player to step in and rescue the situation.
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RiddleMaster
· 01-21 19:36
It's impossible to hold 88,000; this time it's really uncertain.
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ChainProspector
· 01-21 19:30
$88,000? It dropped again, and I'm really starting to panic...
Wait, the US stock market actually went up? That's unbelievable, clearly funds are fleeing.
Falling for seven consecutive days, it feels like we're about to break a historical record, my mental state is about to collapse.
Traditional finance rebounds while the crypto market falls? This divergence is pretty harsh, all part of the game.
Why did it drop again? If this continues, how low will it go?
When US stocks go up, Bitcoin has to fall? This situation is really frustrating.
Seven days of decline, and my mental state has also been declining for seven days...
Funds are flowing into US stocks, our popularity here is fading.
$88k can't hold, where's the next line of defense?
It's back in the red again, this divergence happens every time. When will all of them rise together?
Recently, Bitcoin has indeed been having a tough time. After falling for seven consecutive trading days, it has now slipped to around $88,000. If this trend continues, it is very likely to set the longest losing streak since May 2023.
Interestingly, while the crypto market is in the red, traditional finance has quietly rebounded. The Dow Jones Industrial Average rose by 0.6%, and the S&P 500 also gained 0.5%. This contrast is indeed worth pondering—Bitcoin is dropping while the US stock market is climbing. This divergence between cryptocurrencies and traditional stocks mostly reflects differences in market participants' sentiment and shifts in capital flow.