As far as the whole virtual currency market is concerned, because virtual currency is not subject to any supervision, when the market rises and falls sharply, it is itself a manifestation of capital control. For the concept of capital, capital does not refer to a single or single capital, but refers to the collective decision made by capital. In other words, this is the knowledge of the current market.

First, Bitcoin experienced another plunge.

After the last plunge, bitcoin fell to around $29,000. After a long time, the whole virtual currency market will be sorted out sideways. Since July, due to the upgrade of Ethereum 1559 protocol, many people think that Ethereum has brought back the whole virtual currency bull market, and bitcoin has directly rushed to around $52,000. After a period of skyrocketing, Bitcoin plummeted again, hitting around $42,000 in an hour.

Second, this is a deleveraging operation.

This logic may be a bit difficult to understand, because this time the virtual currency rebound has lasted for nearly two months. In the past two months, the money market of the whole army has been multi-armed, precisely because everyone is very bullish and has a lot of leverage in contract futures. I don't know if this is intentional, but it is a very necessary deleveraging operation.

Third, you can also understand it as a market correction.

Although the virtual money market is not regulated, the funds in the virtual money market are limited and cannot rise indefinitely. The current market has gone up for two months, and it is very normal to have a callback. Because of this, many people are still optimistic about the market outlook, because the follow-up may break through new highs. For individual investors, investors need to make investment decisions according to their own judgments, so I won't comment here.