1. The United States is still in a holiday state, with the 24-hour trading volume of $BTC lower than on Christmas Day, and the price has been fluctuating between 95,000 and 96,000.
Next comes the weekend, and many financial institutions have yet to resume operations, needing to wait until next Monday to return to normal.
According to the current contract distribution, if $BTC drops to 93,000, it will liquidate over 1.7 billion long positions; if it breaks above 98,000, it will also liquidate 1.7 billion long positions.
The Eastern traders are likely to liquidate these two areas within 3 days.
2. With the decline of $BTC, the talk of an altcoin season only lasted for 1 day, and many people joked about holding accountable the initiator "Kill the Wolf".
A full altcoin season still seems distant, and with the U.S. interest rate cuts not meeting expectations, the overall market liquidity may no longer exist.
Whether there will be an altcoin season is still a question; even if there is, it will likely be short-lived and weak.
