Interview: OKEx Team Gathered To Answer Some Questions About The Crypto Market

As the crypto market continues to overcome difficult waves, we at NewsBTC have decided to ask the OKEx team some questions to better understand how they see these developments and their impact on their operations. For the first time, the OKEx team came together to paint a clear picture by providing detailed and in-depth answers to our questions. Representatives taking part in the interview include Robbie Liu, market analyst at OKEx, senior editor Hunain Naseer at OKEx Insights, senior analyst Richard Delany at OKEx, and CEO himself Jay Hao. Read the interview below. NewsBTC: Bitcoin has performed very well in recent months, but has seen a sudden drop within hours. What changed? Robbie Liu, Market Analyst: While the big decline took place within hours, BTC recently stalled in terms of price action, did not break definitively, and did not stay above $ 60,000 for about 10 weeks. This continued reaction put pressure on the bulls, and recent news developments triggered the arrival of the bears. The initial decline was the result of a downward sentiment in the market, but only got worse as the billions of over-leveraged long-term liquidations were quickly liquidated. subrogation. In addition to the high leverage, the meme coin craze also reached its peak, removing capital from Bitcoin and major cryptocurrencies. This pushed Bitcoin's dominance to a 40% low during this bounce and also showed that the market could soon reverse. NewsBTC: The latest OKEx Insights report showed that the Coinbase market listing was one of the causative factors in the declining interest in BTC. Can you understand the emotion behind it? Hunain Naseer, Senior Editor: The Coinbase listing was an exaggerated affair and served as a catalyst for BTC to set a new record. However, as is common in the crypto space and other speculative markets, traders take positions before a major development and

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