#周末震荡行情 This morning, Israeli missile strikes against Iran were carried out as military retaliation. To say that the Jewish people are rational is an understatement; they clearly had plans in place for action, but the timing was strategically chosen to fall on a Saturday in Beijing time, just a few hours after the closing of the US stock market on Friday. This way, it would not impact the financial markets, and it also provided a two-day buffer period for sentiment.
The only market still open is the 24/7 cryptocurrency market, which immediately saw a significant drop: Bitcoin down 3% at
$BTC , Ethereum down 4% at
$ETH , and altcoins generally fell by 5-10%. Domestic financial media never miss an opportunity to report on each dip in cryptocurrency, so we again see the standard package of breaking news, heavy impact, plummeting prices, and devastating losses, with headlines claiming that tens of thousands have been liquidated. This easily climbed to trending topics on this otherwise uneventful weekend.
Such information is monitored by dedicated institutions on public blockchains, such as Coinglass and MyToken, with data being publicly accessible for inquiry. However, to be precise, the number of liquidations refers to the number of orders; for instance, last night, this wave resulted in 140,000 orders being liquidated. It is possible that a quantitative hedge model placed hundreds or thousands of orders, but the media sensationalizes it by claiming that 140,000 people were liquidated.