<p>Nh&#7919;ng tin &#273;&#7891;n cho r&#7857;ng c&ocirc;ng ty giao d&#7883;ch ph&#7889; Wall Jane Street g&acirc;y ra &ldquo;&#273;&#7907;t x&#7843;&rdquo; Bitcoin v&agrave;o l&uacute;c 10 gi&#7901; s&aacute;ng m&#7895;i ng&agrave;y l&#7841;i b&ugrave;ng l&ecirc;n v&agrave;o ng&agrave;y 12/12/2023, sau khi gi&aacute; BTC gi&#7843;m m&#7841;nh trong phi&ecirc;n giao d&#7883;ch trong ng&agrave;y.</p>
<p>C&#7897;ng &#273;&#7891;ng m&#7841;ng l&#7841;i ti&#7871;p t&#7909;c cho r&#7857;ng c&aacute;c t&#7893; ch&#7913;c l&#7899;n v&agrave; c&aacute;c nh&agrave; t&#7841;o l&#7853;p th&#7883; tr&#432;&#7901;ng ETF &#273;&#7913;ng sau bi&#7871;n &#273;&#7897;ng n&agrave;y. Tuy nhi&ecirc;n, khi xem x&eacute;t k&#7929; d&#7919; li&#7879;u, c&acirc;u chuy&#7879;n th&#7921;c t&#7871; c&ograve;n ph&#7913;c t&#7841;p h&#417;n v&#7853;y.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-what-is-the-jane-street-10-a-m-narrative">C&acirc;u chuy&#7879;n &ldquo;Jane Street 10 gi&#7901; s&aacute;ng&rdquo; l&agrave; g&igrave;?</h2>

<p><a href="https://vn.beincrypto.com/bitcoin-december-decline-manipulation-macro/" target="_blank" rel="noreferrer noopener">Theo gi&#7843; thuy&#7871;t lan truy&#7873;n, gi&aacute; Bitcoin th&#432;&#7901;ng s&#7909;t gi&#7843;m</a> quanh th&#7901;i gian t&#7915; 9:30 &#273;&#7871;n 10:00 s&aacute;ng (gi&#7901; ET), khi th&#7883; tr&#432;&#7901;ng ch&#7913;ng kho&aacute;n M&#7929; m&#7903; c&#7917;a. Jane Street th&#432;&#7901;ng &#273;&#432;&#7907;c nh&#7855;c t&#7899;i do &#273;&acirc;y l&agrave; nh&agrave; t&#7841;o l&#7853;p th&#7883; tr&#432;&#7901;ng l&#7899;n v&agrave; l&agrave; &#273;&#417;n v&#7883; &#273;&#432;&#7907;c ph&eacute;p tham gia c&aacute;c ETF Bitcoin spot t&#7841;i M&#7929;.</p>
<p>C&aacute;o bu&#7897;c cho r&#7857;ng c&aacute;c c&ocirc;ng ty n&agrave;y c&#7889; &yacute; &#273;&#7849;y gi&aacute; xu&#7889;ng &#273;&#7875; k&iacute;ch ho&#7841;t l&#7879;nh thanh l&yacute;, sau &#273;&oacute; mua l&#7841;i v&#7899;i gi&aacute; r&#7867; h&#417;n. Tuy nhi&ecirc;n, cho &#273;&#7871;n nay v&#7851;n ch&#432;a c&oacute; c&#417; quan qu&#7843;n l&yacute;, s&agrave;n giao d&#7883;ch hay ngu&#7891;n d&#7919; li&#7879;u n&agrave;o x&aacute;c nh&#7853;n ho&#7841;t &#273;&#7897;ng ph&#7889;i h&#7907;p n&agrave;y th&#7921;c s&#7921; x&#7843;y ra.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-bitcoin-futures-data-doesn-t-show-aggressive-dumping">D&#7919; li&#7879;u h&#7907;p &#273;&#7891;ng t&#432;&#417;ng lai Bitcoin kh&ocirc;ng cho th&#7845;y nh&agrave; &#273;&#7847;u t&#432; b&aacute;n th&aacute;o m&#7841;nh</h2>

<p><a href="https://vn.beincrypto.com/fourt-charts-bitcoin-price-prediction-christmas-2025/" target="_blank" rel="noreferrer noopener">Gi&aacute; Bitcoin &#273;i ngang</a> trong phi&ecirc;n m&#7903; c&#7917;a th&#7883; tr&#432;&#7901;ng M&#7929; ng&agrave;y h&ocirc;m nay, gi&#7919; m&#7913;c dao &#273;&#7897;ng nh&#7887; quanh 92,000&ndash;93,000 USD. Kh&ocirc;ng xu&#7845;t hi&#7879;n &#273;&#7907;t b&aacute;n th&aacute;o m&#7841;nh &#273;&uacute;ng v&agrave;o 10 gi&#7901; s&aacute;ng (gi&#7901; ET).</p>
<p>&#272;&#7907;t gi&#7843;m m&#7841;nh xu&#7845;t hi&#7879;n mu&#7897;n h&#417;n, g&#7847;n gi&#7919;a ng&agrave;y theo gi&#7901; M&#7929;. BTC c&oacute; th&#7901;i &#273;i&#7875;m r&#7899;t d&#432;&#7899;i 90,000 USD sau &#273;&oacute; ph&#7909;c h&#7891;i l&#7841;i, cho th&#7845;y &aacute;p l&#7921;c b&aacute;n xu&#7845;t hi&#7879;n tr&#7877; ch&#7913; kh&ocirc;ng ph&#7843;i do th&#7883; tr&#432;&#7901;ng v&#7915;a m&#7903; c&#7917;a.</p>
<p><a href="https://vn.beincrypto.com/fidelity-predicts-bitcoins-sixth-growth-wave/" target="_blank" rel="noreferrer noopener">Kh&#7889;i l&#432;&#7907;ng h&#7907;p &#273;&#7891;ng m&#7903; cho Bitcoin futures</a> tr&ecirc;n c&aacute;c s&agrave;n l&#7899;n v&#7851;n kh&aacute; &#7893;n &#273;&#7883;nh. T&#7893;ng h&#7907;p &#273;&#7891;ng m&#7903; g&#7847;n nh&#432; kh&ocirc;ng thay &#273;&#7893;i so v&#7899;i ng&agrave;y h&ocirc;m tr&#432;&#7899;c, cho th&#7845;y kh&ocirc;ng c&oacute; l&#432;&#7907;ng l&#7899;n v&#7883; th&#7871; short m&#7899;i &#273;&#432;&#7907;c t&#7841;o ra.</p>
<p>Tr&ecirc;n CME, n&#417;i c&aacute;c t&#7893; ch&#7913;c l&#7899;n th&#432;&#7901;ng giao d&#7883;ch, h&#7907;p &#273;&#7891;ng m&#7903; gi&#7843;m nh&#7865;. &#272;i&#7873;u n&agrave;y th&#432;&#7901;ng ph&#7843;n &aacute;nh h&agrave;nh &#273;&#7897;ng gi&#7843;m r&#7911;i ro ho&#7863;c ph&ograve;ng ng&#7915;a, ch&#7913; kh&ocirc;ng ph&#7843;i &#273;&#7897;ng th&aacute;i &#273;&#7863;t c&#432;&#7907;c gi&aacute; gi&#7843;m m&#7841;nh.</p>
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/RfKBYDjQ69yUDZF1RjCaP1AP8L8=/smart/ffac4fb849b4421fa3574d485bb3d5b4" alt="" class="wp-image-781878">T&#7893;ng h&#7907;p &#273;&#7891;ng m&#7903; BTC Futures. Ngu&#7891;n: <a href="https://www.coinglass.com/BitcoinOpenInterest" target="_blank" rel="noreferrer noopener nofollow">CoinGlass</a>

<p>N&#7871;u th&#7921;c s&#7921; c&oacute; m&#7897;t t&#7893; ch&#7913;c l&#7899;n n&agrave;o &#273;&oacute; thao t&uacute;ng, &#273;&#7849;y gi&aacute; xu&#7889;ng h&agrave;ng lo&#7841;t, th&igrave; d&#7919; li&#7879;u kh&#7889;i l&#432;&#7907;ng m&#7903; s&#7869; t&#259;ng ho&#7863;c gi&#7843;m &#273;&#7897;t ng&#7897;t. Tuy nhi&ecirc;n &#273;i&#7873;u n&agrave;y &#273;&atilde; kh&ocirc;ng x&#7843;y ra.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-liquidations-explain-the-move">Thanh l&yacute; gi&#7843;i th&iacute;ch cho bi&#7871;n &#273;&#7897;ng</h2>

<p>D&#7919; li&#7879;u v&#7873; thanh l&yacute; cung c&#7845;p c&aacute;i nh&igrave;n r&otilde; r&agrave;ng h&#417;n. Trong 24 gi&#7901; qua, t&#7893;ng s&#7889; v&#7883; th&#7871; b&#7883; thanh l&yacute; tr&ecirc;n th&#7883; tr&#432;&#7901;ng crypto v&#432;&#7907;t 430 tri&#7879;u USD, trong &#273;&oacute; ph&#7847;n l&#7899;n l&agrave; c&aacute;c v&#7883; th&#7871; long.</p>
<p>Ri&ecirc;ng Bitcoin ghi nh&#7853;n h&#417;n 68 tri&#7879;u USD b&#7883; thanh l&yacute;. Ethereum c&ograve;n ghi nh&#7853;n con s&#7889; l&#7899;n h&#417;n. &#272;i&#7873;u n&agrave;y cho th&#7845;y &#273;&oacute; l&agrave; m&#7897;t &#273;&#7907;t &ldquo;gi&#7843;i ch&#7845;p&rdquo; &#273;&ograve;n b&#7849;y tr&ecirc;n to&agrave;n th&#7883; tr&#432;&#7901;ng, ch&#7913; kh&ocirc;ng ch&#7881; ri&ecirc;ng Bitcoin.</p>
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/sR6TOqhhrT6z71DHqAnV93LQWWs=/smart/6fe3cd5030c44f32b966315d3dde01ce" alt="" class="wp-image-781879">C&aacute;c v&#7883; th&#7871; Crypto b&#7883; thanh l&yacute; ng&agrave;y 12/12/2023. Ngu&#7891;n: <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener nofollow">CoinGlass</a>

<p>Khi gi&aacute; th&#7911;ng c&aacute;c m&#7889;c quan tr&#7885;ng, l&#7879;nh thanh l&yacute; c&#432;&#7905;ng b&#7913;c &#273;&#7849;y gi&aacute; gi&#7843;m nhanh h&#417;n n&#7919;a. &#272;i&#7873;u n&agrave;y th&#432;&#7901;ng t&#7841;o ra c&aacute;c nh&#7883;p gi&#7843;m s&#7889;c m&agrave; kh&ocirc;ng c&#7847;n m&#7897;t b&ecirc;n b&aacute;n l&#7899;n n&agrave;o.</p>
<p>&#272;&aacute;ng ch&uacute; &yacute;, c&aacute;c qu&#7929; ETF Bitcoin spot t&#7841;i M&#7929; c&#361;ng ghi nh&#7853;n d&ograve;ng v&#7889;n r&uacute;t ra 77 tri&#7879;u USD v&agrave;o ng&agrave;y 11/12/2023, sau hai ng&agrave;y li&ecirc;n ti&#7871;p d&ograve;ng v&#7889;n v&agrave;o &#273;&#7873;u &#273;&#7863;n. Bi&#7871;n &#273;&#7897;ng gi&aacute; m&#7841;nh trong h&ocirc;m nay ph&#7847;n l&#7899;n &#273;&atilde; &#273;&#432;&#7907;c th&#7875; hi&#7879;n t&#7915; &#273;&#7897;ng th&aacute;i n&agrave;y.</p>
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/MfMQHwGhJ9ixVxZOgrSBbS6ebYQ=/smart/86a8b61e983741ec86baaa78b1e35be2" alt="" class="wp-image-781880" style="width:647px;height:auto">D&ograve;ng ti&#7873;n v&agrave;o ETF Bitcoin t&#7841;i M&#7929; theo ng&agrave;y. Ngu&#7891;n: <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noreferrer noopener nofollow">SoSoValue</a>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-no-single-venue-led-the-sell-off">Kh&ocirc;ng c&oacute; s&agrave;n giao d&#7883;ch n&agrave;o d&#7851;n &#273;&#7847;u &#273;&#7907;t b&aacute;n th&aacute;o</h2>

<p>&#272;&#7907;t gi&#7843;m gi&aacute; n&agrave;y di&#7877;n ra tr&ecirc;n nhi&#7873;u s&agrave;n giao d&#7883;ch kh&aacute;c nhau nh&#432; Binance, CME, OKX, v&agrave; Bybit. Kh&ocirc;ng xu&#7845;t hi&#7879;n d&#7845;u hi&#7879;u &aacute;p l&#7921;c b&aacute;n t&#7853;p trung tr&ecirc;n m&#7897;t s&agrave;n ho&#7863;c m&#7897;t s&#7843;n ph&#7849;m c&#7909; th&#7875;.</p>
<p>&#272;i&#7873;u n&agrave;y kh&aacute; quan tr&#7885;ng b&#7903;i c&aacute;c ho&#7841;t &#273;&#7897;ng thao t&uacute;ng th&#432;&#7901;ng &#273;&#7875; l&#7841;i d&#7845;u v&#7871;t r&otilde; r&#7879;t. S&#7921; ki&#7879;n v&#7915;a r&#7891;i c&oacute; s&#7921; tham gia c&#7911;a nhi&#7873;u b&ecirc;n tr&ecirc;n th&#7883; tr&#432;&#7901;ng, ph&#7843;n &aacute;nh &#273;&#7897;ng th&aacute;i ch&#7889;t v&#7883; th&#7871; t&#7921; &#273;&#7897;ng tr&ecirc;n di&#7879;n r&#7897;ng.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-why-the-jane-street-narrative-keeps-returning">V&igrave; sao c&acirc;u chuy&#7879;n v&#7873; Jane Street lu&ocirc;n quay tr&#7903; l&#7841;i</h2>

<p>Bi&#7871;n &#273;&#7897;ng c&#7911;a Bitcoin th&#432;&#7901;ng t&#7853;p trung v&agrave;o khung gi&#7901; th&#7883; tr&#432;&#7901;ng M&#7929; m&#7903; c&#7917;a, do ho&#7841;t &#273;&#7897;ng giao d&#7883;ch ETF, <a href="https://vn.beincrypto.com/fed-rate-cut-25bps-guidance-uncertainty-january-2026/" target="_blank" rel="noreferrer noopener">c&aacute;c tin t&#7913;c kinh t&#7871; v&#297; m&ocirc;</a> v&agrave; &#273;&#7897;ng th&aacute;i &#273;i&#7873;u ch&#7881;nh danh m&#7909;c c&#7911;a c&aacute;c t&#7893; ch&#7913;c l&#7899;n. C&aacute;c y&#7871;u t&#7889; mang t&iacute;nh c&#7845;u tr&uacute;c n&agrave;y khi&#7871;n bi&#7871;n &#273;&#7897;ng gi&aacute; c&oacute; v&#7867; nh&#432; c&oacute; quy lu&#7853;t l&#7853;p l&#7841;i.</p>
<p>Jane Street v&#7889;n l&agrave; c&aacute;i t&ecirc;n n&#7893;i b&#7853;t tr&ecirc;n th&#7883; tr&#432;&#7901;ng ETF n&ecirc;n th&#432;&#7901;ng b&#7883; g&#7885;i t&ecirc;n trong c&aacute;c &#273;&#7907;t bi&#7871;n &#273;&#7897;ng. Tuy nhi&ecirc;n, ho&#7841;t &#273;&#7897;ng t&#7841;o l&#7853;p th&#7883; tr&#432;&#7901;ng ch&#7911; y&#7871;u l&agrave; c&acirc;n b&#7857;ng danh m&#7909;c, ph&ograve;ng ng&#7915;a r&#7911;i ro ch&#7913; kh&ocirc;ng ph&#7843;i ch&#7911; &#273;&#7897;ng &#273;&#7849;y gi&aacute; l&ecirc;n/xu&#7889;ng theo h&#432;&#7899;ng n&agrave;o &#273;&oacute;.</p>
<p>Di&#7877;n bi&#7871;n h&ocirc;m nay c&#361;ng gi&#7889;ng v&#7899;i nhi&#7873;u &#273;&#7907;t tr&#432;&#7899;c: &#273;&ograve;n b&#7849;y t&#259;ng, gi&aacute; gi&#7843;m nh&#7865;, c&aacute;c v&#7883; th&#7871; b&#7883; thanh l&yacute; h&agrave;ng lo&#7841;t v&agrave; nhi&#7873;u g&oacute;c nh&igrave;n, nh&#7853;n &#273;&#7883;nh xu&#7845;t hi&#7879;n sau &#273;&oacute;.</p>


Jane Street có phải là nguyên nhân gây ra đợt sụt giảm Bitcoin lúc 10 giờ sáng hôm nay?

<p>Nh&#7919;ng tin &#273;&#7891;n cho r&#7857;ng c&ocirc;ng ty giao d&#7883;ch ph&#7889; Wall Jane Street g&acirc;y ra &ldquo;&#273;&#7907;t x&#7843;&rdquo; Bitcoin v&agrave;o l&uacute;c 10 gi&#7901; s&aacute;ng m&#7895;i ng&agrave;y l&#7841;i b&ugrave;ng l&ecirc;n v&agrave;o ng&agrave;y 12/12/2023, sau khi gi&aacute; BTC gi&#7843;m m&#7841;nh trong phi&ecirc;n giao d&#7883;ch trong ng&agrave;y.</p>
<p>C&#7897;ng &#273;&#7891;ng m&#7841;ng l&#7841;i ti&#7871;p t&#7909;c cho r&#7857;ng c&aacute;c t&#7893; ch&#7913;c l&#7899;n v&agrave; c&aacute;c nh&agrave; t&#7841;o l&#7853;p th&#7883; tr&#432;&#7901;ng ETF &#273;&#7913;ng sau bi&#7871;n &#273;&#7897;ng n&agrave;y. Tuy nhi&ecirc;n, khi xem x&eacute;t k&#7929; d&#7919; li&#7879;u, c&acirc;u chuy&#7879;n th&#7921;c t&#7871; c&ograve;n ph&#7913;c t&#7841;p h&#417;n v&#7853;y.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-what-is-the-jane-street-10-a-m-narrative">C&acirc;u chuy&#7879;n &ldquo;Jane Street 10 gi&#7901; s&aacute;ng&rdquo; l&agrave; g&igrave;?</h2>

<p><a href="https://vn.beincrypto.com/bitcoin-december-decline-manipulation-macro/" target="_blank" rel="noreferrer noopener">Theo gi&#7843; thuy&#7871;t lan truy&#7873;n, gi&aacute; Bitcoin th&#432;&#7901;ng s&#7909;t gi&#7843;m</a> quanh th&#7901;i gian t&#7915; 9:30 &#273;&#7871;n 10:00 s&aacute;ng (gi&#7901; ET), khi th&#7883; tr&#432;&#7901;ng ch&#7913;ng kho&aacute;n M&#7929; m&#7903; c&#7917;a. Jane Street th&#432;&#7901;ng &#273;&#432;&#7907;c nh&#7855;c t&#7899;i do &#273;&acirc;y l&agrave; nh&agrave; t&#7841;o l&#7853;p th&#7883; tr&#432;&#7901;ng l&#7899;n v&agrave; l&agrave; &#273;&#417;n v&#7883; &#273;&#432;&#7907;c ph&eacute;p tham gia c&aacute;c ETF Bitcoin spot t&#7841;i M&#7929;.</p>
<p>C&aacute;o bu&#7897;c cho r&#7857;ng c&aacute;c c&ocirc;ng ty n&agrave;y c&#7889; &yacute; &#273;&#7849;y gi&aacute; xu&#7889;ng &#273;&#7875; k&iacute;ch ho&#7841;t l&#7879;nh thanh l&yacute;, sau &#273;&oacute; mua l&#7841;i v&#7899;i gi&aacute; r&#7867; h&#417;n. Tuy nhi&ecirc;n, cho &#273;&#7871;n nay v&#7851;n ch&#432;a c&oacute; c&#417; quan qu&#7843;n l&yacute;, s&agrave;n giao d&#7883;ch hay ngu&#7891;n d&#7919; li&#7879;u n&agrave;o x&aacute;c nh&#7853;n ho&#7841;t &#273;&#7897;ng ph&#7889;i h&#7907;p n&agrave;y th&#7921;c s&#7921; x&#7843;y ra.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-bitcoin-futures-data-doesn-t-show-aggressive-dumping">D&#7919; li&#7879;u h&#7907;p &#273;&#7891;ng t&#432;&#417;ng lai Bitcoin kh&ocirc;ng cho th&#7845;y nh&agrave; &#273;&#7847;u t&#432; b&aacute;n th&aacute;o m&#7841;nh</h2>

<p><a href="https://vn.beincrypto.com/fourt-charts-bitcoin-price-prediction-christmas-2025/" target="_blank" rel="noreferrer noopener">Gi&aacute; Bitcoin &#273;i ngang</a> trong phi&ecirc;n m&#7903; c&#7917;a th&#7883; tr&#432;&#7901;ng M&#7929; ng&agrave;y h&ocirc;m nay, gi&#7919; m&#7913;c dao &#273;&#7897;ng nh&#7887; quanh 92,000&ndash;93,000 USD. Kh&ocirc;ng xu&#7845;t hi&#7879;n &#273;&#7907;t b&aacute;n th&aacute;o m&#7841;nh &#273;&uacute;ng v&agrave;o 10 gi&#7901; s&aacute;ng (gi&#7901; ET).</p>
<p>&#272;&#7907;t gi&#7843;m m&#7841;nh xu&#7845;t hi&#7879;n mu&#7897;n h&#417;n, g&#7847;n gi&#7919;a ng&agrave;y theo gi&#7901; M&#7929;. BTC c&oacute; th&#7901;i &#273;i&#7875;m r&#7899;t d&#432;&#7899;i 90,000 USD sau &#273;&oacute; ph&#7909;c h&#7891;i l&#7841;i, cho th&#7845;y &aacute;p l&#7921;c b&aacute;n xu&#7845;t hi&#7879;n tr&#7877; ch&#7913; kh&ocirc;ng ph&#7843;i do th&#7883; tr&#432;&#7901;ng v&#7915;a m&#7903; c&#7917;a.</p>
<p><a href="https://vn.beincrypto.com/fidelity-predicts-bitcoins-sixth-growth-wave/" target="_blank" rel="noreferrer noopener">Kh&#7889;i l&#432;&#7907;ng h&#7907;p &#273;&#7891;ng m&#7903; cho Bitcoin futures</a> tr&ecirc;n c&aacute;c s&agrave;n l&#7899;n v&#7851;n kh&aacute; &#7893;n &#273;&#7883;nh. T&#7893;ng h&#7907;p &#273;&#7891;ng m&#7903; g&#7847;n nh&#432; kh&ocirc;ng thay &#273;&#7893;i so v&#7899;i ng&agrave;y h&ocirc;m tr&#432;&#7899;c, cho th&#7845;y kh&ocirc;ng c&oacute; l&#432;&#7907;ng l&#7899;n v&#7883; th&#7871; short m&#7899;i &#273;&#432;&#7907;c t&#7841;o ra.</p>
<p>Tr&ecirc;n CME, n&#417;i c&aacute;c t&#7893; ch&#7913;c l&#7899;n th&#432;&#7901;ng giao d&#7883;ch, h&#7907;p &#273;&#7891;ng m&#7903; gi&#7843;m nh&#7865;. &#272;i&#7873;u n&agrave;y th&#432;&#7901;ng ph&#7843;n &aacute;nh h&agrave;nh &#273;&#7897;ng gi&#7843;m r&#7911;i ro ho&#7863;c ph&ograve;ng ng&#7915;a, ch&#7913; kh&ocirc;ng ph&#7843;i &#273;&#7897;ng th&aacute;i &#273;&#7863;t c&#432;&#7907;c gi&aacute; gi&#7843;m m&#7841;nh.</p>
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/RfKBYDjQ69yUDZF1RjCaP1AP8L8=/smart/ffac4fb849b4421fa3574d485bb3d5b4" alt="" class="wp-image-781878">T&#7893;ng h&#7907;p &#273;&#7891;ng m&#7903; BTC Futures. Ngu&#7891;n: <a href="https://www.coinglass.com/BitcoinOpenInterest" target="_blank" rel="noreferrer noopener nofollow">CoinGlass</a>

<p>N&#7871;u th&#7921;c s&#7921; c&oacute; m&#7897;t t&#7893; ch&#7913;c l&#7899;n n&agrave;o &#273;&oacute; thao t&uacute;ng, &#273;&#7849;y gi&aacute; xu&#7889;ng h&agrave;ng lo&#7841;t, th&igrave; d&#7919; li&#7879;u kh&#7889;i l&#432;&#7907;ng m&#7903; s&#7869; t&#259;ng ho&#7863;c gi&#7843;m &#273;&#7897;t ng&#7897;t. Tuy nhi&ecirc;n &#273;i&#7873;u n&agrave;y &#273;&atilde; kh&ocirc;ng x&#7843;y ra.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-liquidations-explain-the-move">Thanh l&yacute; gi&#7843;i th&iacute;ch cho bi&#7871;n &#273;&#7897;ng</h2>

<p>D&#7919; li&#7879;u v&#7873; thanh l&yacute; cung c&#7845;p c&aacute;i nh&igrave;n r&otilde; r&agrave;ng h&#417;n. Trong 24 gi&#7901; qua, t&#7893;ng s&#7889; v&#7883; th&#7871; b&#7883; thanh l&yacute; tr&ecirc;n th&#7883; tr&#432;&#7901;ng crypto v&#432;&#7907;t 430 tri&#7879;u USD, trong &#273;&oacute; ph&#7847;n l&#7899;n l&agrave; c&aacute;c v&#7883; th&#7871; long.</p>
<p>Ri&ecirc;ng Bitcoin ghi nh&#7853;n h&#417;n 68 tri&#7879;u USD b&#7883; thanh l&yacute;. Ethereum c&ograve;n ghi nh&#7853;n con s&#7889; l&#7899;n h&#417;n. &#272;i&#7873;u n&agrave;y cho th&#7845;y &#273;&oacute; l&agrave; m&#7897;t &#273;&#7907;t &ldquo;gi&#7843;i ch&#7845;p&rdquo; &#273;&ograve;n b&#7849;y tr&ecirc;n to&agrave;n th&#7883; tr&#432;&#7901;ng, ch&#7913; kh&ocirc;ng ch&#7881; ri&ecirc;ng Bitcoin.</p>
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/sR6TOqhhrT6z71DHqAnV93LQWWs=/smart/6fe3cd5030c44f32b966315d3dde01ce" alt="" class="wp-image-781879">C&aacute;c v&#7883; th&#7871; Crypto b&#7883; thanh l&yacute; ng&agrave;y 12/12/2023. Ngu&#7891;n: <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener nofollow">CoinGlass</a>

<p>Khi gi&aacute; th&#7911;ng c&aacute;c m&#7889;c quan tr&#7885;ng, l&#7879;nh thanh l&yacute; c&#432;&#7905;ng b&#7913;c &#273;&#7849;y gi&aacute; gi&#7843;m nhanh h&#417;n n&#7919;a. &#272;i&#7873;u n&agrave;y th&#432;&#7901;ng t&#7841;o ra c&aacute;c nh&#7883;p gi&#7843;m s&#7889;c m&agrave; kh&ocirc;ng c&#7847;n m&#7897;t b&ecirc;n b&aacute;n l&#7899;n n&agrave;o.</p>
<p>&#272;&aacute;ng ch&uacute; &yacute;, c&aacute;c qu&#7929; ETF Bitcoin spot t&#7841;i M&#7929; c&#361;ng ghi nh&#7853;n d&ograve;ng v&#7889;n r&uacute;t ra 77 tri&#7879;u USD v&agrave;o ng&agrave;y 11/12/2023, sau hai ng&agrave;y li&ecirc;n ti&#7871;p d&ograve;ng v&#7889;n v&agrave;o &#273;&#7873;u &#273;&#7863;n. Bi&#7871;n &#273;&#7897;ng gi&aacute; m&#7841;nh trong h&ocirc;m nay ph&#7847;n l&#7899;n &#273;&atilde; &#273;&#432;&#7907;c th&#7875; hi&#7879;n t&#7915; &#273;&#7897;ng th&aacute;i n&agrave;y.</p>
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/MfMQHwGhJ9ixVxZOgrSBbS6ebYQ=/smart/86a8b61e983741ec86baaa78b1e35be2" alt="" class="wp-image-781880" style="width:647px;height:auto">D&ograve;ng ti&#7873;n v&agrave;o ETF Bitcoin t&#7841;i M&#7929; theo ng&agrave;y. Ngu&#7891;n: <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noreferrer noopener nofollow">SoSoValue</a>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-no-single-venue-led-the-sell-off">Kh&ocirc;ng c&oacute; s&agrave;n giao d&#7883;ch n&agrave;o d&#7851;n &#273;&#7847;u &#273;&#7907;t b&aacute;n th&aacute;o</h2>

<p>&#272;&#7907;t gi&#7843;m gi&aacute; n&agrave;y di&#7877;n ra tr&ecirc;n nhi&#7873;u s&agrave;n giao d&#7883;ch kh&aacute;c nhau nh&#432; Binance, CME, OKX, v&agrave; Bybit. Kh&ocirc;ng xu&#7845;t hi&#7879;n d&#7845;u hi&#7879;u &aacute;p l&#7921;c b&aacute;n t&#7853;p trung tr&ecirc;n m&#7897;t s&agrave;n ho&#7863;c m&#7897;t s&#7843;n ph&#7849;m c&#7909; th&#7875;.</p>
<p>&#272;i&#7873;u n&agrave;y kh&aacute; quan tr&#7885;ng b&#7903;i c&aacute;c ho&#7841;t &#273;&#7897;ng thao t&uacute;ng th&#432;&#7901;ng &#273;&#7875; l&#7841;i d&#7845;u v&#7871;t r&otilde; r&#7879;t. S&#7921; ki&#7879;n v&#7915;a r&#7891;i c&oacute; s&#7921; tham gia c&#7911;a nhi&#7873;u b&ecirc;n tr&ecirc;n th&#7883; tr&#432;&#7901;ng, ph&#7843;n &aacute;nh &#273;&#7897;ng th&aacute;i ch&#7889;t v&#7883; th&#7871; t&#7921; &#273;&#7897;ng tr&ecirc;n di&#7879;n r&#7897;ng.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-why-the-jane-street-narrative-keeps-returning">V&igrave; sao c&acirc;u chuy&#7879;n v&#7873; Jane Street lu&ocirc;n quay tr&#7903; l&#7841;i</h2>

<p>Bi&#7871;n &#273;&#7897;ng c&#7911;a Bitcoin th&#432;&#7901;ng t&#7853;p trung v&agrave;o khung gi&#7901; th&#7883; tr&#432;&#7901;ng M&#7929; m&#7903; c&#7917;a, do ho&#7841;t &#273;&#7897;ng giao d&#7883;ch ETF, <a href="https://vn.beincrypto.com/fed-rate-cut-25bps-guidance-uncertainty-january-2026/" target="_blank" rel="noreferrer noopener">c&aacute;c tin t&#7913;c kinh t&#7871; v&#297; m&ocirc;</a> v&agrave; &#273;&#7897;ng th&aacute;i &#273;i&#7873;u ch&#7881;nh danh m&#7909;c c&#7911;a c&aacute;c t&#7893; ch&#7913;c l&#7899;n. C&aacute;c y&#7871;u t&#7889; mang t&iacute;nh c&#7845;u tr&uacute;c n&agrave;y khi&#7871;n bi&#7871;n &#273;&#7897;ng gi&aacute; c&oacute; v&#7867; nh&#432; c&oacute; quy lu&#7853;t l&#7853;p l&#7841;i.</p>
<p>Jane Street v&#7889;n l&agrave; c&aacute;i t&ecirc;n n&#7893;i b&#7853;t tr&ecirc;n th&#7883; tr&#432;&#7901;ng ETF n&ecirc;n th&#432;&#7901;ng b&#7883; g&#7885;i t&ecirc;n trong c&aacute;c &#273;&#7907;t bi&#7871;n &#273;&#7897;ng. Tuy nhi&ecirc;n, ho&#7841;t &#273;&#7897;ng t&#7841;o l&#7853;p th&#7883; tr&#432;&#7901;ng ch&#7911; y&#7871;u l&agrave; c&acirc;n b&#7857;ng danh m&#7909;c, ph&ograve;ng ng&#7915;a r&#7911;i ro ch&#7913; kh&ocirc;ng ph&#7843;i ch&#7911; &#273;&#7897;ng &#273;&#7849;y gi&aacute; l&ecirc;n/xu&#7889;ng theo h&#432;&#7899;ng n&agrave;o &#273;&oacute;.</p>
<p>Di&#7877;n bi&#7871;n h&ocirc;m nay c&#361;ng gi&#7889;ng v&#7899;i nhi&#7873;u &#273;&#7907;t tr&#432;&#7899;c: &#273;&ograve;n b&#7849;y t&#259;ng, gi&aacute; gi&#7843;m nh&#7865;, c&aacute;c v&#7883; th&#7871; b&#7883; thanh l&yacute; h&agrave;ng lo&#7841;t v&agrave; nhi&#7873;u g&oacute;c nh&igrave;n, nh&#7853;n &#273;&#7883;nh xu&#7845;t hi&#7879;n sau &#273;&oacute;.</p>
