Over the past 24 hours, liquidations across the crypto market exceeded $1 billion, according to CoinGlass. Long positions accounted for about $913 million, or 90% of the total. $BTC briefly fell to $73,761 late Sunday, its lowest level since August, before recovering to above $75,000; $ETH briefly dropped below $2,100, then rebounded to around $2,144.
There were several factors behind the sell-off: a pullback in U.S. tech and AI stocks, rumors of an investigation related to Nvidia, and stalled U.S.-Iran negotiations.
My own observations:
• The Fear and Greed Index is at 29, in fear territory
• Long positions have been largely flushed out, but we’ll have to wait for Tuesday’s CPI data for a clearer sense of direction
• High leverage is especially vulnerable to being swept back and forth at levels like these
Managing position size matters more than trying to call the bottom.
#爆仓 #CPI
For reference only. This is not investment advice.
There were several factors behind the sell-off: a pullback in U.S. tech and AI stocks, rumors of an investigation related to Nvidia, and stalled U.S.-Iran negotiations.
My own observations:
• The Fear and Greed Index is at 29, in fear territory
• Long positions have been largely flushed out, but we’ll have to wait for Tuesday’s CPI data for a clearer sense of direction
• High leverage is especially vulnerable to being swept back and forth at levels like these
Managing position size matters more than trying to call the bottom.
#爆仓 #CPI
For reference only. This is not investment advice.