On December 20, Web3Daily.news Crypto Headlines:
1. $BTC dropped to a low of 95,000, with 300,000 liquidations in 24 hours, totaling $1.041 billion, primarily long liquidations amounting to $874 million, and short liquidations amounting to $166 million.
Below 94,000, over 1 billion long positions have accumulated, and if it breaks above 104,000, 3 billion short positions will be liquidated.
As the weekend and Christmas approach, be cautious of contract risks; sharp moves in a bull market will become the norm.
2. Web3Daily.news Analysis: The correction is mainly due to the approaching Christmas season, with U.S. investors selling coins for the holiday, leading to reduced buying appetite.
Additionally, market makers are intentionally liquidating accumulated long positions to take profits.
Furthermore, MicroStrategy may prohibit the purchase of $BTC within a month based on quarterly reports and index entry requirements.
However, the fundamentals remain unchanged, the trend is still optimistic, and the second wave of the bull market is expected during the Trump administration.
3. Current funding rates on mainstream CEX and DEX indicate the market has turned generally bearish, with the current funding rate dropping to around 0.005%.
When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
