Since Trump's election, Bitcoin has continued to rise sharply in recent days. After breaking through 77,000 US dollars yesterday, it continued to rise today, breaking through the 79,000 US dollar mark in one fell swoop, and hitting a high of 79,788 US dollars at 1 pm, setting a new historical high again, and it is only one step away from 80,000 US dollars. However, Bitcoin then began to fall back, and after a slight decline, it hit 80,000 again and broke through smoothly!
In the past 24 hours, the entire network has liquidated $385 million
According to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidations reached US$385 million, with long positions liquidated at US$106 million and short positions liquidated at US$279 million, and more than 130,000 people were liquidated.
Among them, Bitcoin had the largest liquidation amount, reaching US$130 million, and Ethereum ranked second with a liquidation amount of US$64.78 million. The third to fifth largest liquidation amounts were Dogecoin's US$21.77 million, SOL's US$16.67 million, and HMSTR's US$14.19 million.
According to ICO Analytics data, the monthly page views of major cryptocurrency exchanges increased by 8% in October. Among them, Pump.Fun's traffic surged by 100%, becoming the biggest winner, followed by BullX with a monthly increase of 78%, and Uniswap also increased by 42%.
In terms of total traffic, Binance ranked first with 54 million views, followed by WhiteBit and Coinbase with 33 million and 30 million respectively. However, Binance's monthly growth rate was -0.2%, showing that large exchanges are facing bottlenecks in attracting new traffic, while small exchanges are experiencing faster growth driven by new user demand. For example, Pump.Fun's traffic doubled, and Uniswap also performed strongly, reflecting a surge in demand from emerging users.
From the perspective of market trends, the traffic growth in October has driven the "Uptober" market, indicating that bullish sentiment is gradually heating up. With Trump's victory on November 6, Bitcoin has risen rapidly, approaching $80,000. It is expected that the traffic of various exchanges will continue to rise this month.
In addition, many market indicators indicate that the rally is expected to continue. The open interest of Bitcoin futures on the Chicago Mercantile Exchange (CME) increased by US$1.1 billion, and interest rate cut expectations increased. Coupled with the significant inflow of funds into the Bitcoin spot ETF, the single-day trading volume of the BlackRock ETF reached US$4.1 billion. Stablecoin inflows also reached 9.3 billion. The market also led to rising sentiment in Ethereum, with the price exceeding $3,000, and the inflow of Ethereum ETF funds ended several months of downturn.
That’s all for today’s article. We are currently in a bull market, and the situation is turbulent. We have passwords to share every day.
