Huobi Research Society: Sentiment Ventures Focuses on Arbitrage and Ventilation

According to market data from Huobi Global, BTC traded 45,500 USDT on May 13, causing panic and a slowdown in the entire crypto market. The Huobi Research Institute believes that the main reason for the current slowdown is fear of the economy and the slowdown caused by Musk's announcement of Bitcoin's immediate withdrawal. This exacerbated the loss of the market. As for the change in sentiment in the economy, the news that the Biden government has nearly doubled tax revenues for the rich has also caused stress to the economy, but the attitude of this policy could strain some of the biggest Bitcoin players in the United States to enter the market only. . Actually. . “Gray Scale,” which was published because you don't have to pay taxes if you don't sell, quickly went into business at the time. The impact of speculation on the market will be limited this time around as Musk announced the halt to Bitcoin payments but hasn't sold much, and the market sees a comeback in an emergency. Investors should also be careful of risk and not sell the bottom line, especially for some of the gains that were previously better.