🚨87,000 just hit a new high, knocked back to 84,000 in one swing
On Wednesday, BTC surged to 87,265, the highest in 8 months, and the group chat is still shouting “100,000.” After the PMI came out, the 10-year US Treasury yield broke 5%, the highest since 2007. The 5-year Treasury auction was even worse: the bid-to-cover ratio was the lowest since December 2018. Within one hour of the announcement, a liquidation of 136 million yuan was reported—an all-bull liquidation. In the past 24 hours, 122,000 traders were liquidated, totaling $510 million. Fed Chair Powell still plans to keep tightening; spot buyers are just having to carry it themselves.
#比特币 #BTC #cryptocurrency
On Wednesday, BTC surged to 87,265, the highest in 8 months, and the group chat is still shouting “100,000.” After the PMI came out, the 10-year US Treasury yield broke 5%, the highest since 2007. The 5-year Treasury auction was even worse: the bid-to-cover ratio was the lowest since December 2018. Within one hour of the announcement, a liquidation of 136 million yuan was reported—an all-bull liquidation. In the past 24 hours, 122,000 traders were liquidated, totaling $510 million. Fed Chair Powell still plans to keep tightening; spot buyers are just having to carry it themselves.
#比特币 #BTC #cryptocurrency