Bitcoin 24-hour liquidation triggers $200 million liquidation! Will "Super Thursday" start the next bull market?
Today can be called the "Super Thursday" of the financial market, because the Federal Reserve has released two heavy data in succession: the latest CPI data and the Federal Reserve's interest rate decision.
The two data also made the trend of Bitcoin turbulent. Within 24 hours, the amount of liquidation of both long and short positions reached 200 million, of which 160 million long positions were liquidated and 42.29 million short positions were liquidated. This week, Bitcoin plunged from a high of nearly $70,000 to around $66,000, and even fell to $66,170, setting a new low in nearly three weeks.
However, despite the market's correction, many observers believe that this is only a temporary fluctuation and the long-term bullish trend has not changed. Federal Reserve Chairman Powell has also revealed that there may be a time to lower the policy interest rate this year, but the premise is that inflation can steadily fall back to the target of 2%.
In general, although the market is a bit turbulent now, the bull market may still be there and the long-term trend has not changed. Everyone should be patient, wait for the market to pick up, and seize the opportunity. Especially for those altcoins that have not exploded yet, now may be a good time to invest.
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