Will Bitcoin still have a bull market this year?

According to data from Parsec, in the past 24 hours, the liquidation volume of loans on DeFi has exceeded 320 million USD, reaching a yearly high.

Of which, the liquidation volume of ETH collateral reached 187 million USD, wstETH reached 77.9 million USD, wBTC reached 32.5 million USD.

On August 5, according to data from CoinGecko, the total cryptocurrency market capitalization has dropped below 2 trillion USD, currently reporting 1.986 trillion USD, down 9.4% in a day.

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