$BTC pulled back from a high of 81,196, hitting a low of 75,208 this morning. It’s down about 5.6% over the past 24 hours and is now around 76,200. The earlier rebound has been erased.
BlockTempo cited data from CoinGlass showing that about 199,000 traders were liquidated over the past 24 hours, totaling roughly $1.033 billion, with long positions accounting for 90%. $ETH also fell about 7.8%, touching a low of 2,206.
This time, we can’t look only to the crypto market for answers. U.S. AI and chip stocks came under selling pressure, cooling risk appetite and weighing on crypto too. Add in the forced liquidations of highly leveraged long positions, and the decline can easily accelerate.
But a drop in U.S. stocks doesn’t mean crypto has to fall to any particular level, and a high number of liquidations doesn’t mean the market has bottomed.
75,208 was this morning’s low. The first thing to watch is whether it breaks lower again. Whether the rebound can reclaim 78,000 to 80,000 is also more worth watching than trying to guess the bottom.
How are your positions holding up in this move?
#BTC走势分析 #CryptoMarket
This is not investment advice. Manage your own positions.
BlockTempo cited data from CoinGlass showing that about 199,000 traders were liquidated over the past 24 hours, totaling roughly $1.033 billion, with long positions accounting for 90%. $ETH also fell about 7.8%, touching a low of 2,206.
This time, we can’t look only to the crypto market for answers. U.S. AI and chip stocks came under selling pressure, cooling risk appetite and weighing on crypto too. Add in the forced liquidations of highly leveraged long positions, and the decline can easily accelerate.
But a drop in U.S. stocks doesn’t mean crypto has to fall to any particular level, and a high number of liquidations doesn’t mean the market has bottomed.
75,208 was this morning’s low. The first thing to watch is whether it breaks lower again. Whether the rebound can reclaim 78,000 to 80,000 is also more worth watching than trying to guess the bottom.
How are your positions holding up in this move?
#BTC走势分析 #CryptoMarket
This is not investment advice. Manage your own positions.
