What was the cause of this sudden drop?
I think it was also due to the decline caused by fundamental concerns, but in fact, the puts of options were concentrated at $61,000 and now they have been settled. Therefore, I think the reason for the sharp decline after falling below the $62,000 support line was the settlement of put long positions.
(I apologize if I'm mistaken, as I don't do much futures trading 🙏)
![What was the cause of this sudden drop?](https://sgsnsimg.moomoo.com/sns_client_feed/181457907/20240828/228916f96fddeb1e49bdb954f8f37928.jpg?area=105&is_public=true)
![Around 23:00 on 8/27.](https://sgsnsimg.moomoo.com/sns_client_feed/181457907/20240828/9afde02ca49e37f6067d931361bded0a.jpg?area=105&is_public=true)
![Around 11:00 on 8/28.](https://sgsnsimg.moomoo.com/sns_client_feed/181457907/20240828/b515281ac327b9b93586edafd34cacc3.jpg?area=105&is_public=true)
Well, I still don't know the details very well.![]()
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ジョモりん : Not for stepping in for high jump.
Do you have a question?
ぴるさん OP : I hope so, but you never know.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
For now, let's wait and see.
ジョモりん ぴるさん OP : 私はほぼ上昇を確信してます
この値動きは大統領選の影響ですかね、ハリスの持ち上げに限界が見えてきてる気がします、トランプは色々な負の要素は皆折り込んでるけど、ハリスの負の要素はレイバーデイ明けの選挙選が本格化するにつれて荒として出てくるかなぁと個人的には思ってます
もちろん選挙結果どうこうで仮想通貨の未来は明るいと予測してますが今年に限っては選挙選までの流れでの影響は少なくともあるでしょう
でもそんなのはオッパッピーです![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
ぴるさん OP : I myself am not at all concerned about the recent decline♪ Because it would be the most regrettable to panic sell here! Instead, I bought a little more at around 59,000.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
ジョモりん ぴるさん OP : Let's watch over.
I think you will surely aim higher.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)