Bitcoin 
$0.000054the lowest level of the last 50 days fell below 108,000 dollars. This harsh decline captures investors unprepared, led to the liquidation of a long leverage of $ 137 million. The withdrawal corresponded to the same period as the technology -weighted NASDAQ 100 index decreased by 1.2 %. Behind the decline, there were increasing concerns about the sustainability of the artificial intelligence sector.
US foreign trade deficit and sunken loans in Chinese banks
The US’s July foreign trade deficit increased by 22 %to $ 103.6 billion increased investor concerns. The export of imports to a great extent led to warnings that the economists could overcome the expectations of the economists and hit the third quarter growth. Reuters said that this trade deficit can “create serious pressure on economic growth”.
In addition, according to the US Securities and Stock Exchange Commission, the largest share of the 200 largest shares carried out by senior executives last week was completely in the direction of sales. Malone_wealth, who interpreted this situation as orum I see it for the first time in my life ”, emphasized that inside sales have reached a record level.
On the Chinese side, record decreases in the profit margins of the five largest banks, while bad credit rates rose rapidly. According to Financial Times, Chinese retail banks disposed of $ 5.2 billion in the first quarter of the year, which means an eight -fold increase compared to a year ago
AI shares also decrease: weak signs in Nvidia and SMCI
The artificial intelligence sector also gives risk signals. It was announced that 44 %of Nvidia’s data center revenues come from only two customers. Although the company’s quarter results and third quarter forecasts were in accordance with expectations, NVDA shares decreased by 4.7 %within two days.
On the other hand, Super Micro Computer (SMCI), one of the important hardware partners of Nvidia, said that financial results are at risk due to financial reporting weaknesses. The shares of the 25 billion dollar company fell by 5.1 %on Friday.
Finally, the sales of Bitcoin whales, which have been still still still in a long time, also increases the pressure. However, general macroeconomic slimming is the main reason for the main fall. On Monday, many investors have reduced positions before the US national holiday.
In addition, the fact that large company managers sell shares bulk can strengthen the perception of ık We have come to the hill ”in investors. These sales reflect both the risk of risk and the pessimism in economic appearance. In addition, the depreciation of giant companies such as Nvidia and SMCI shows that doubts about the sustainability of growth in the artificial intelligence sector has increased.
Bitcoin’s falling below 108,000 dollars confirms a technically declining trend. In particular, the sale of old whales and the melting of mining reserves can increase the price pressure.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
