It rebounded today, but the overall cryptocurrency market is still very silent, a silent bull market.
Bitcoin contract holdings dropped by more than 30% to $25.8 billion
On August 6, according to Tide Capital, the total Bitcoin futures contract holdings have dropped to $25.8 billion, a drop of more than 30%, and the funding rate has turned negative. A large number of leveraged long positions have been closed, and the market trading volume has increased significantly. The fastest stage of the market decline may have ended.