Market Briefing

In the past 24 hours, a total of 170,000 people have been liquidated across the network, with a liquidation amount reaching up to 537 million USD. The market has undergone a round of intense liquidation, and sentiment has plunged. Influenced by news from Tesla, the price of Bitcoin experienced significant fluctuations, with swings of nearly 10,000 points, far exceeding expectations.

The price surged from 92,000 to 102,000, then quickly fell back to around 96,100. Currently, regardless of how the market continues to liquidate, operations should be cautious, and one should not blindly chase shorts; clearer directional signals should be awaited.