413 Black Swan is coming! Is the market over?
Recently, the global financial market has experienced a violent shock. In the early morning of April 13, a large-scale liquidation occurred in the virtual currency market. The price of Bitcoin once plunged by more than $2,000 in a short period of time, from a high of $67,100 to below $65,000.
According to CoinGlass data, in the past 24 hours, a total of 296,300 people in the virtual currency market were liquidated, with a total liquidation amount of up to $920 million (about RMB 6.658 billion). Skirt + Wei: 826729496 This incident not only frightened investors, but also highlighted the volatility and risk of the virtual currency market.
413 Black Swan is coming! The market is not over. These factors tell us that the market is not over.
First of all, the black swan that appeared yesterday was because the overall situation was not good. 50 large rockets warned that the dealer continued to liquidate the large leverage of the copycat by taking advantage of the news.
Is the market over? It is not from these logics that the market has just started.
1. There are 1070 blocks left before the Bitcoin block reward is halved, which is about 7 days.
2. The transaction volume of RuneStone in the Magic Eden market is currently 2002 BTC, and the transaction volume in the OKX Web3 wallet market is currently 2510 BTC. The total transaction volume of the two markets has reached 4512 BTC.
Is it really over?
It doesn't look like it. The market in the primary market still exists and even the funds on the chain are beginning to burst, so the market is not over. On the contrary, interest rate cuts, ETF approval, halving, etc. have brought about capital support, so there is no need to worry too much.
Wait for the mood to stabilize during the day, and the black swan will come. The sudden situation directly makes the overall market go bad, but the problem is not big. Just wait for the weekend repair and news to land. It is normal for the copycat bloodbath, and Bitcoin is extremely stable.
