$ETH once again dipped to around 2400, midday market operation analysis!
As of the 24 hours ending October 12, the crypto market saw about $771 million in liquidations, of which about $686 million came from long positions. When price declines trigger forced liquidations, additional selling pressure is created, further pushing down the ETH price!
Tomorrow night is the release of the US CPI data. Investors remain cautious about uncertainty around interest rates and the macroeconomy, while Asian stock markets have also seen a clear decline. Risk assets are generally under pressure, and ETH has directly dipped again to around 2407. The market may now be waiting for the CPI release. In addition, with the continued rise in the scale of US Treasury debt, concerns about the dollar's creditworthiness have once again become a hot topic in the market, and risk-off sentiment among market funds has risen again.
A V-shaped structure has already formed, indicating that the bullish trend is advancing. The current operational suggestion is still to focus on going long, direct chat room available!
Qiu Ge will continue to monitor the flow of major funds and the latest market news. Follow Qiu Ge and you won't be confused! $BTC $ZEC #比特币重回8.4万美元
#比特币期权波动率创五年新低
As of the 24 hours ending October 12, the crypto market saw about $771 million in liquidations, of which about $686 million came from long positions. When price declines trigger forced liquidations, additional selling pressure is created, further pushing down the ETH price!
Tomorrow night is the release of the US CPI data. Investors remain cautious about uncertainty around interest rates and the macroeconomy, while Asian stock markets have also seen a clear decline. Risk assets are generally under pressure, and ETH has directly dipped again to around 2407. The market may now be waiting for the CPI release. In addition, with the continued rise in the scale of US Treasury debt, concerns about the dollar's creditworthiness have once again become a hot topic in the market, and risk-off sentiment among market funds has risen again.
A V-shaped structure has already formed, indicating that the bullish trend is advancing. The current operational suggestion is still to focus on going long, direct chat room available!
Qiu Ge will continue to monitor the flow of major funds and the latest market news. Follow Qiu Ge and you won't be confused! $BTC $ZEC #比特币重回8.4万美元
#比特币期权波动率创五年新低