Today the coin price surged and then fell back.
Bitcoin just broke $87,000 the day before and even touched the $87.3k level (a new high since January this year). Then on September 23, it dropped below $86,000 and closed at $85.6k, down 0.86% for the day.
Liquidations were also significant: in the past 24 hours, the total liquidations across the whole network were nearly $292 million (about RMB 1.96 billion). On September 21 alone, the liquidation amount temporarily exceeded RMB 10 billion.
Whether the momentum can keep up is a bit uncertain. Industry views tend to be more like: “There’s still some strength in the short term, but a straight vertical surge is unlikely.” Analyst Yu Jianing believes that after such a streak of consecutive gains, the market needs to digest profit-taking and repositioning. As a result, volatility will likely increase; in the medium to long term, it is more likely to be a broad trading range rather than a one-way rally. Whether it can keep moving higher depends largely on whether spot ETF inflows can be sustained, and whether global interest rates and the liquidity environment will change.
The uptrend itself isn’t broken, but in the short term this slope is likely unsustainable. Going forward, it’s more likely to move sideways and digest in a period of consolidation.
The above is only subjective analysis and does not constitute investment advice.#AI股持续上涨还有哪些投资机会 #比特币现货ETF四日流入23.1亿美元 #比特币两度受阻87300美元
Bitcoin just broke $87,000 the day before and even touched the $87.3k level (a new high since January this year). Then on September 23, it dropped below $86,000 and closed at $85.6k, down 0.86% for the day.
Liquidations were also significant: in the past 24 hours, the total liquidations across the whole network were nearly $292 million (about RMB 1.96 billion). On September 21 alone, the liquidation amount temporarily exceeded RMB 10 billion.
Whether the momentum can keep up is a bit uncertain. Industry views tend to be more like: “There’s still some strength in the short term, but a straight vertical surge is unlikely.” Analyst Yu Jianing believes that after such a streak of consecutive gains, the market needs to digest profit-taking and repositioning. As a result, volatility will likely increase; in the medium to long term, it is more likely to be a broad trading range rather than a one-way rally. Whether it can keep moving higher depends largely on whether spot ETF inflows can be sustained, and whether global interest rates and the liquidity environment will change.
The uptrend itself isn’t broken, but in the short term this slope is likely unsustainable. Going forward, it’s more likely to move sideways and digest in a period of consolidation.
The above is only subjective analysis and does not constitute investment advice.#AI股持续上涨还有哪些投资机会 #比特币现货ETF四日流入23.1亿美元 #比特币两度受阻87300美元