The crypto assets market experienced a violent turmoil last night. The cause was Trump questioning the authenticity of certain economic data, which triggered a chain reaction in the financial markets. The US stock market fell in response, and risk assets faced widespread dumping, with Bitcoin suffering particularly severe blows.

Blockchain data shows that approximately 110,000 Bitcoins were sold off in a short period, a scene described as a 'digital battlefield'. In 24 hours, the liquidation amount in the Crypto Assets derivatives market exceeded 3 billion yuan, and the market is bleak.

However, this fall is not simply a technical issue. From a macro perspective, the credibility of the PCE (Personal Consumption Expenditures) and employment data is in question. Trump has directly accused the Federal Reserve of manipulating the market, which has led investors to turn to safe-haven assets, with Bitcoin and Ethereum being the primary targets.

It is worth noting that 10 hours before the market crash, there was unusual activity on the blockchain. A large number of long-dormant wallets were suddenly activated, with approximately 80,000 Bitcoins being transferred to exchanges, which may suggest that certain large institutions were withdrawing from the market in advance.

In just one hour, the price of Bitcoin fell sharply from $34,800 to $31,600, causing significant losses for both long and short traders. This rapid market fluctuation rendered traditional technical analysis nearly unable to predict outcomes.

This incident once again proves that to succeed in the Crypto Assets market, merely relying on technical analysis is far from enough. Investors need to have an in-depth understanding of the game logic behind the market, pay attention to abnormal changes in on-chain data, and be able to recognize the traps of market sentiment. Only in this way can they avoid becoming victims in such seemingly sudden market upheavals.

In this uncertain Crypto Assets market, it is crucial to remain vigilant and continue learning. Investors should strive to improve their understanding and analytical skills regarding the market to better cope with the various challenges that may arise in the future.