Bitcoin is really on a roller coaster this time. It fell below the 60,000 mark and immediately rebounded! The market is very lively with this up and down.
After the callback, the liquidation volume was so large, and the contract funding rate turned negative. This tells us that market sentiment is like a roller coaster, and the capital flow is super fast. However, Bitcoin can still be pulled up, which shows that the market is still confident.
If Bitcoin can break through 65,000 again and stand firm, it may start a new round of rise! But the current market is still fluctuating. Although those altcoins look stronger than Bitcoin, it does not mean that the market has reached the bottom.
For investors, it may be a good idea to buy in batches now that the market is so unstable. This way, the risk is smaller and you can seize good opportunities.
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