The American breakfast crowd has come for another leveraged cleaning activity before getting off work. The pancake briefly spiked to 90500, then retraced by 13,000 dollars~ Haha
However, the average retracement and spike of the altcoins were only to liquidate the longs on 10X leverage, but with this back and forth. A large number of short positions have accumulated above, waiting to be liquidated, and bear markets are often accompanied by crashes. This is what such leveraged cleaning actions refer to.
So in the end, it's still spot trading that brings steady happiness~
From last night until now, the performance of the AI sector has been really good, with 92850004964 and 68170222452 having decent rebounds in the past two days. The weekly chart has almost caught up with the average increase of AI tokens.
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78713161765 last night took the lead, breaking through on the weekly chart first. Additionally, the leading TAO is also close to breaking through the pressure area of the previous daily high. I believe a significant acceleration in the market is about to come!