I've seen enough of this kind of stupid remarks, I've been seeing them for half a year.
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CCB88
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BTC Absolute Drop
BTC Outlook 116000
One, Market Dynamics and Price Performance**
1. **Intraday Price Volatility**
- On August 17, Bitcoin rose slightly by 0.05% to **$117,418.76**, briefly breaking through **$118,000** during the day (currently reported at $118,009.80).
- Previously, on August 15, BTC plunged from a historical high of **$124,500** to **$117,000** (a single-day drop of 4.24%), mainly due to U.S. PPI inflation data exceeding expectations (YoY +3.3%), raising market concerns over the Fed delaying interest rate cuts.
2. **Derivatives Market Liquidation**
- In the past 24 hours, the total network liquidation reached **$98.64 million**, with long positions liquidating $59.51 million (60% share) and short positions liquidating $39.12 million, reflecting that bullish leverage positions still face pressure.
One, Market Dynamics and Price Performance**
1. **Intraday Price Volatility**
- On August 17, Bitcoin rose slightly by 0.05% to **$117,418.76**, briefly breaking through **$118,000** during the day (currently reported at $118,009.80).
- Previously, on August 15, BTC plunged from a historical high of **$124,500** to **$117,000** (a single-day drop of 4.24%), mainly due to U.S. PPI inflation data exceeding expectations (YoY +3.3%), raising market concerns over the Fed delaying interest rate cuts.
2. **Derivatives Market Liquidation**
- In the past 24 hours, the total network liquidation reached **$98.64 million**, with long positions liquidating $59.51 million (60% share) and short positions liquidating $39.12 million, reflecting that bullish leverage positions still face pressure.
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