Bitcoin contract positions plummeted to $28.4 billion, and short-term market sentiment cooled sharply!

According to the latest data from Coinglass, the total Bitcoin contract positions on the entire network fell 6% in a week and have now fallen to $28.4 billion! This shows that a large amount of funds have withdrawn from the market, short-term investors are accelerating their positions, and the wait-and-see sentiment has increased significantly. In contrast, Ethereum's contract positions have only dropped to $10.346 billion, a drop of less than 2%, indicating that Ethereum's positions are relatively more stable.

The comparison between the two major mainstream currencies, Bitcoin and Ethereum, reveals the different strategies of various forces in the market: continue to reduce positions and leave, or go against the trend to seize the opportunity of volatility? Next, will Bitcoin continue to adjust deeply, or will it usher in a rebound turning point?

Opportunities are contained in volatility, and determination is the key! Pay attention to Boshi, take you through the market fog and lock in the next round of opportunities!

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