Some friends asked why BTC dropped again. Honestly, I have no idea. Lately, I’ve been busy organizing research on RWA and crypto-equity trading pairs. But I took a quick look and noticed that just an hour ago, the Nasdaq hit a new all-time high during the session. Although the S&P 500 hasn’t broken through yet, it’s not far off. This shows there’s no systemic risk in the market. Most likely, it’s Bitcoin’s own adjustment mechanism. Some friends think the rate cut has turned into a bearish factor, but in reality, investor sentiment is pretty good right now. After all, we can still look forward to rate cuts in October and December. So, the U.S. stock market trend is looking solid. Since BTC itself is still closely correlated with U.S. stocks, especially tech stocks, I personally don’t think it’s a big issue. This post is sponsored by Bitget ｜ @Bitget_zh