Seokmoon Jeong, Head of Presto Center: 'Sell First, Think Later' Strategy Dominates the Market

Uk Jin

Summary

Seokmoon Jeong, head of Presto Center, stated that the selling demand in the market has surged, and the 'sell first, think later' strategy has dominated the market.
He reported that not only risky assets like Bitcoin but also traditional financial markets such as KOSPI, Hang Seng Index, Shanghai Composite, and Nikkei Index are on a downward trend.
He predicted that this downward trend depends on global countermeasures, the consistency of the Donald Trump administration, and the response of the Fed.

As Asian stock markets and the cryptocurrency market simultaneously plummeted, there is an opinion that selling demand in the current market has surged.

According to The Block, a cryptocurrency specialist media, on the 7th (Korean time), Seokmoon Jeong, head of the Presto Research Center, said, "There is growing caution about the speed and scope of the tariffs announced on the 2nd," and "This has led to a 'sell now, think later' mentality dominating risky assets, including Bitcoin (BTC)."

As of 12:19 PM on this day, Bitcoin is recording a 5.95% drop to $78,379 compared to the previous day. In addition, traditional financial markets such as KOSPI (-4.61%), Hang Seng Index (-9.51%), Shanghai Composite (-5.78%), and Nikkei Index (-6.48%) are also on a downward trend.

Jeong predicted that this downward trend depends on ▲ global countermeasures, ▲ the consistency of the Donald Trump administration, and ▲ the response of the Federal Reserve (Fed).

BTC