Bitcoin's sudden pullback of 10,000 points; this is the most bizarre bull market in the crypto space!
BTC has pulled back 10,000 points in three days, and altcoins are bleeding profusely. But don't panic; it's just a few words from Powell. The logic for mid-term growth hasn't changed. Bull markets often have sharp declines, which is not surprising. Pullbacks are unrelated to long-term trends; pullbacks are about killing contracts and eliminating high leverage. After cleaning out these high-leverage positions, the music continues, the dance continues, and the bull will run more healthily, reaching new highs again. During this period, Bitcoin is leading the way while altcoins are still halfway up the mountain. This is truly the most bizarre bull market in history. Bitcoin has been continuously reaching new highs, while altcoins are constantly being cut down, and even Ethereum hasn't reached a new high.
CCTV reports: Is China going to deregulate Bitcoin?
Recently, a piece of news has caused a stir in the cryptocurrency circle. ZFB is actually promoting cryptocurrency. Considering the recent BTC breaking through 100,000 USD and CCTV’s report, is this a sign of spring coming? At first, I thought someone was messing around with photoshopped images again, so I quickly opened ZFB to check, and indeed found such a chicken. The introduction is indeed related to cryptocurrency. I have said before that when Bitcoin reaches $100,000, traditional media will definitely send this news to everyone’s mobile phone screen, but I didn’t expect it to be in this way. It really shows how awesome Jack Ma is. He never forgets ordinary people like us.
Bitcoin has been falling for four consecutive days now, and the decline is not too large. The total drop in the four days is about 10%.
Everyone in the market has been looking for opportunities to increase their positions. In addition, the A-share market was quite crazy before the holiday. Some people began to worry about whether to increase their positions in A-shares or in Bitcoin. Is Bitcoin the last chance to get on board now, or is A-shares the last chance?
If we look a little further ahead, we can clearly see that the sentiment of A-shares has changed significantly, but the fundamentals have not changed. The fundamentals of Bitcoin have also not changed. One is the bad part that has not changed, and the other is the good part that has not changed.
Why is the speed of the coin price increase always lower than we expected?
Isn't it like this, when we buy in, we usually imagine that the coin price will most likely rise steadily. However, once we buy in, we find that it is completely different from what we imagined before buying; the coin price does not rise steadily but rather fluctuates up and down continuously. Let's look at it from another perspective, what is the intention of the main force? Assuming you are the invisible hand in the market, that is, the main force, how would you manipulate or influence the market? First, you must understand that the cryptocurrency market does not produce wealth; it allows participants to redistribute wealth through different coins and price trends via multiple turnovers, it's a game where you must outlive others to survive.
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Big drop! Bitcoin falls below 98,000, retail investors are crying.
The crypto market encountered 'Black Friday', with Bitcoin falling below $100,000. Affected by the cooling expectations of a Federal Reserve rate cut in December, crypto assets and US stocks faced a double hit. Bitcoin rapidly fell from a high of $107,500 in 4 days, reaching the $98,000 mark this morning, with a single-day decline of over 2%; Ethereum lost its support at $3,200, and the total market value of cryptocurrencies shrank to $3.28 trillion. This wave of selling quickly spread to the US stock market, with crypto-related stocks becoming hard-hit—companies like MSTR and Coinbase saw declines of over 6%, while mining companies MARA and RIOT plummeted more than 10%, indicating that funds are rapidly fleeing high-risk assets.
U.S. Government about to reopen, Bitcoin narrowly holding onto the $100,000 mark
Why is the crypto market still fluctuating as the U.S. government shutdown crisis approaches its end? Recently, the U.S. government shutdown crisis has finally welcomed a turnaround. According to the latest news, the U.S. House of Representatives has passed a procedural vote, and the government is expected to end the shutdown as early as today. This development should have boosted market sentiment; however, the crypto market has not rebounded as expected, instead continuing to show weakness and fluctuations. Currently, although the U.S. government is about to reopen, Bitcoin briefly dipped to $100,800 this morning, barely holding onto the $100,000 mark, with a current price of approximately $102,119, a drop of 1.1% in the past 24 hours. Ethereum also did not escape, currently priced at $3,430, and the overall market sentiment is cautious.
Bitcoin has fallen to a new low since dropping below 102,000 USD on October 11, and Ethereum has crashed! Today, Bitcoin once fell below the psychological barrier of 100,000 USD, reaching a low of 98,944 USD; Ethereum also couldn't escape, plunging directly to around 3,057 USD. In just one day, the two 'big brothers' fell nearly 7% and 13% together, and the market was instantly filled with panic. But it's not just the price of cryptocurrencies that has fallen. What is even more alarming is that over the past 24 hours, the total liquidation amount across the market exceeded 2 billion USD, with 470,000 investors being 'liquidated' overnight. Among them, long positions faced liquidations of up to 1.6 billion USD, and shorts also faced 400 million USD. The most outrageous liquidation occurred on the HTX exchange, where a single BTC-USDT trade was liquidated for nearly 48 million USD—this amount could buy several villas, right?