Review of the crash on December 10 and 6: Funding rates and potential opportunities that cannot be ignored
As expected, there are many crashes in the bull market. Although the big crash that we longed for came late, the strength and lethality of the fall are still as strong as before. On the 6th, the contract liquidated 1.5 billion US dollars, and on the 10th, the contract liquidated 1.7 billion US dollars. The liquidation volume of tens of billions of RMB is only seen in the big bull market. On the 6th, BTC quickly plunged, but the altcoins did not fall much. On the 10th, the altcoins were the main ones. Since ETH is still linked to the altcoins in this round of trends, I use ETH's K-line to represent the altcoins, and the amplitude of different altcoins will be magnified according to their respective situations.
BTC's two-day pin price comparison
ETH's two-day pin price comparison