Bitcoin briefly broke through the $100,000 barrier last night, but then showed a downward and volatile trend.
BTC plummeted from a high of $100,421 last night at 11 PM to about $98,000.
After several hours of fluctuations, it sharply dropped to $94,150 at 5 AM today.
The maximum drop reached 6.25%. As of now, the price has rebounded to $97,100.
The drop in the last 24 hours has narrowed to 2.96%.
Ethereum once approached $3,500.
Ethereum also fell sharply during this downward trend, briefly dipping to $3,509, and has now rebounded to $3,709, down 7.4% in the last 24 hours.
In the last 24 hours, the liquidation amount approached $1.7 billion.
In the past 24 hours, liquidations across the cryptocurrency market reached $1.71 billion. Among them, long positions accounted for a large portion of $1.55 billion, while short positions totaled $163 million, with over 567,000 people liquidated.
This $1.7 billion liquidation amount is the second highest in the history of the cryptocurrency market, second only to the incident on September 7, 2021.
However, after Bitcoin broke $100,000, the short-term flash crash risk decreased again. The outlook remains bullish before Christmas and with Trump officially taking office.
That is, it is still possible to enter the market with a bullish outlook before this, although there will be small pullbacks and fluctuations, it won't always go up. But be mindful of position management.
Bull market operations are also very important. If anyone is confused due to market fluctuations and doesn't know how to deal with being stuck, or feels misled during operations, feel free to follow!
Continued attention: ETH, BNB, SOL, DOGE, UNI.....
I am Bai Yi.
#市场回调抄底还是观望？ #ETH🔥🔥🔥🔥 $BTC $ETH $SOL
