Feb 23, 2021 09:20 PM (GMT+8)
Li Lun, chief researcher of coin an China blockchain Research Institute, said that bitcoin's sharp decline in the past two trading days was mainly due to the fact that institutions did not keep buying bitcoin above US $50000. Although retail investors swarmed in, institutions and large investors gradually made profits and fled. Du Jun, co-founder of fire coin group, said that bitcoin's bull market started from the global central bank's big release of water. At present, the market has differences on the economic easing policy, and the later trend needs to see the change of the market's expectation of monetary policy. Du Jun reminded that bitcoin is a high-risk financial product, and its price fluctuates greatly. Investors need to manage their investment rationally according to their own investment philosophy and risk control strategy, treat the bitcoin market carefully, fear the market, and know themselves and the enemy.
This text is a result of machine translation.