ZB Market Research: This slowdown is linked to the short-term publication of market sentiment.

As of 8 a.m. this morning, Bitcoin led the decline, falling to at least US $ 43,025.05, causing the crypto market to fall completely. Chinese financial analysts believe that the decline affects the short-term catharsis of market sentiment and that the ratio has not reversed. The current situation is that there is no skepticism in the channel data and no other big business than paying over 10,000 bitcoins on the Bitfinex exchange yesterday. Over the past three months, Bitcoin's net entries (total entries - total exits) of Bitcoin from exchanges have been significantly negative, and even the entries have been very negligible, indicating that all exchanges are business related. This morning's crash is short-lived, focusing on a surprise move after Musk announced an immediate ban on bitcoin payments. Of course, confidence in the short-term market has also been badly damaged and the market appears to be cheaper for a while.