Poor in May, desperate in June, and a turnaround in July! ! !
Or poor in May, desperate in June, and a turnaround in July? ? ?
After a long June, we finally waited for the hot July. The news of ETH spot ETF came at the beginning of July. At present, the news has been delayed again, but we still need to pay attention to the news at 8:30 tonight and tomorrow morning:
The first one is today, July 3, 20:15 Eastern Time-﹣US June ADP employment, the previous value is 152,000, and the expected value is 160,000.
The second one is today, July 3, 20:30 Eastern Time, the number of unemployment benefits in the United States for the week ending June 29, the previous value is 233,000, and the expected value is 235,000.
The third one is tomorrow, July 4, 02:00 Eastern Time, the Federal Reserve will release the minutes of the monetary policy meeting, and Chairman Powell will speak. Is he dovish or hawkish? ?
In 2024, Bitcoin's long liquidation dominance across all exchanges has fluctuated significantly, reflecting the volatility of market sentiment.
In March, the dominance of long liquidations soared to over 60%, coinciding with the sharp drop in Bitcoin's price from about $70,000 to $60,000. This trend illustrates the impact of market adjustments on leveraged positions.
Similarly, long liquidations increased again in June, and when Bitcoin's price hovered around $60,000, the dominance of long liquidations once touched 70%, indicating that market instability exacerbated traders' risk aversion.
