Jiang Zhuoer: Capital conditions do not support a bull market start, Bitcoin may rebound to $68,000-$70,000 before its final drop
- Jiang Zhuoer, founder of Lebit Mining Pool, noted that stablecoins are continuously flowing out of the crypto market.
- USDT's market cap decreased from $184.2 billion to $183.1 billion over the past month.
- USDC's market cap fell from $73.28 billion to $72.15 billion in the same period.
- The total decrease in stablecoin market cap is $2.23 billion.
- Jiang suggests that current liquidity conditions do not indicate the start of a bull market.
PANews reported on August 8 that Jiang Zhuoer, the founder of Lebit Mining Pool, has expressed concerns regarding the current state of the crypto market. He highlighted that stablecoins are experiencing continuous outflows, which may affect market conditions.
Over the past month, USDT's market capitalization has decreased from $184.2 billion to $183.1 billion, while USDC has fallen from $73.28 billion to $72.15 billion. This represents a combined decrease of $2.23 billion in the total market cap of stablecoins.
Jiang Zhuoer indicated that the current liquidity situation does not support the onset of a bull market. He suggested that Bitcoin might see a rebound to the range of $68,000 to $70,000 before experiencing one final drop after eliminating short positions.
江卓尔：资本状况不支持牛市开始，比特币可能在最终下跌前反弹至68000-70000美元
PANews于8月8日报道，Lebit矿池创始人江卓尔对当前加密市场的状况表示担忧。他强调，稳定币正在经历持续流出，这可能影响市场状况。
在过去一个月中，USDT的市值从1842亿美元降至1831亿美元，而USDC则从732.8亿美元降至721.5亿美元。这意味着稳定币的总市值下降了22.3亿美元。
江卓尔指出，当前的流动性状况并不支持牛市的开始。他建议，比特币可能会反弹至68000至70000美元的区间，然后在清除空头头寸后经历一次最终下跌。