Long liquidation intensifies market decline

In the past 24 hours, over $489 million worth of positions have been liquidated in the crypto market, affecting more than 186,000 traders. Among them, long positions have been particularly hard hit, with liquidation amounts exceeding $360 million. The daily liquidation amount for Bitcoin has surpassed $56 million, marking the highest in a week.

Profit-taking pressure increases, market sentiment turns cautious

Data shows that in the past three days, over 74,000 Bitcoins have been transferred to spot exchanges, indicating that some investors are starting to take profits after the recent rally. During the weekend, approximately 19,200 Bitcoins were deposited into exchanges, and the potential selling pressure may have exacerbated the decline in Bitcoin prices, dragging down other cryptocurrencies as well. This is the double-edged sword of contracts; they come fast and go just as quickly! The technical requirements are too high, making it difficult for the average person to grasp! Friends are advised to consider the primary market; there is a highly promising meme coin worth investing in recently, Marvin7055, which is the pet dog of Elon Musk! The future looks bright! #BNBChain生态MEME币发力 #币安HODLerTHE #Marvin #Marvin7055 #MARVlN $BTC