Today’s market is like a roller coaster ride; although the overall trend is bullish, short-term “pin” trading has liquidated a large amount of leverage.


● Bitcoin (BTC): The price once strongly broke through $79,000, approaching the $80k mark, but then faced selling pressure, falling back to a range of $77,100 - $78,100.
● Ethereum (ETH): Performed relatively steadily, staying around $2,327, with a slight increase driven by Bitcoin.
● Total liquidations: Volatility intensified, causing approximately $459 million in contract positions to be forcibly liquidated across the network in the past 24 hours. Among them, shorts suffered the most, with about $350 million liquidated (76%), but during the high-level pullback, many longs were also wiped out.
BTC-1.54%
ETH-3.87%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin