This 30 minutes is not panic, but the system is telling you: this market is already fully loaded.

U.S. stocks closed higher across the board; at first glance, it seems like a relief, but upon closer inspection, last night's closing has a misleading color.

The most notable point is at 1:00 AM Beijing time, with no sudden news — stocks, gold, and cryptocurrencies all fell simultaneously, with declines being concentrated, rapid, and without resistance, lasting only a short time (just 30 minutes) — after which only stocks could recover. Gold gave back all its gains for the day, and Bitcoin dropped to the warning line of $85,000.

First, to be accurate, this drop was triggered by the Nasdaq index touching the 50-day moving average, with quant funds and CTAs simultaneously pressing the sell button, leveraged long positions passively hitting stop losses, leading to a chain liquidation that crushed all assets within 30 minutes.

Second, the drop in the Nasdaq index dragged down gold and Bitcoin, indicating that the burden capacity of long positions has reached its limit. It is also worth noting that this "collapse" did not start from peripheral assets; it was the other way around: first the Nasdaq, this "core index," then it transmitted to gold and Bitcoin. The index itself is already at the risk control red line, which is much more dangerous than a "panic sell-off."

Of course, currently, there are no signals of a major drop, because that "30-minute collapse" did not coincide with the dollar and real interest rates rising simultaneously, and then quickly stabilizing.

Yesterday was a transitional day; the rise and fall of U.S. stocks are not important, and even the magnitude of the rise and fall is not important because the Dow, S&P, and Nasdaq all operated within Wednesday's fluctuation range. Today's closing is very important — if the S&P 500 index is below 6800, no one will support it, and it will fall quickly; only if it firmly stands above 6800 might it trigger a "Christmas rally." The importance of technical levels has been magnified again. The market has entered a self-oscillating phase, where it does not need negative news and will create volatility on its own. $BTC $ETH $BNB #BinanceABCs #巨鲸动向 #ETH走势分析 #比特币波动性