The downward channel of the big cake has been going on for half a month since the 8th, but there is still no bottoming signal. Those who have carefully read the analysis should know that we have said before that the window period will last for two months, and at least the speculation of interest rate cuts in September may lead to a big market. During this period, leveraged contracts must not have faith in the area of ​​​​carrying orders.

During the price decline, although the liquidation occurred frequently, the contract position did not decrease but increased. During the price drop from US$66,700 to US$63,000, the liquidation caused the position to drop slightly.

Before the real market starts, a round of leverage cleanup is usually required, and chips are accumulated at the bottom of the market. The purpose is to reduce the current contract position and compete between long and short. In the absence of sudden good news, the long position is more likely to suffer losses. #BTC $BTC #Mt.Gox将启动偿还计划