PANews reported on November 16 that according to the Economic Observer, the volatile market of Bitcoin has made traders walk on thin ice. According to data from Coinglass, a data analysis platform for crypto derivatives, since November, nearly 200,000 Bitcoin positions have been liquidated every day, with a total liquidation amount of about US$500 million. Since September, the price of Bitcoin has skyrocketed, rising from US$58,000 to US$90,000 in more than two months, an increase of more than 50%. In 2024, the cumulative increase in the price of Bitcoin has exceeded 100%. From the perspective of investment returns, the growth rates of global mainstream alternative investment products such as gold and crude oil are far inferior to Bitcoin in the same period. Among them, the best-performing gold has a year-to-date increase of 24%. Compared with other major asset classes, Bitcoin has the most distinct differences and disputes, and interprets the most violent surges and plunges. Some people have been "woven" into a dream of getting rich, and many people have been bloodbathed out.
Industry insiders said that the inflow of institutional funds has undoubtedly injected new vitality into the Bitcoin market. However, as a highly volatile asset, the price of Bitcoin is affected by many factors, including global economic conditions, policy changes, market demand, etc. Therefore, when investing in Bitcoin, overseas investors should be cautious, be sensitive to market dynamics, and do a good job of risk management.
