"Everyone must be surprised to see BTC suddenly drop like that, did anyone expect it to happen?
Sejurus selepas memecahkan $69,000, harga raja mata wang kripto Bitcoin (BTC) merudum semula ke $59,398 apabila order book Binance menunjukkan orders sell besar di mana lebih 300 BTC bernilai $20 juta dijual pada $69,000 dan 500 BTC pada $70,000.
Menerusi pemerhatian, tindakan dilakukan harga BTC itu telah mencetuskan penghapusan leverage teruk yang mencairkan lebih $1.1 bilion positions dagangan derivatif merentas semua aset digital sepanjang 24 jam lalu dan $870 juta daripada positions yang liquidations adalah long.
Liquidations occur when crypto exchanges close leveraged trading positions due to losses or all of the traders' initial money after they fail to have sufficient funds to cover losing positions .
According to Reflexivity Research co-founder Will Clemente, yesterday's events reminded him of BTC's reaction during Thanksgiving 2020 where the price was expected to reach $20,000 but reached $19,500 before briefly falling to $16,000.
But historically, BTC tends to rise for the next few days following in 2020, its price went from $20,000 to $24,200 in 48 hours and it didn't fall below $20,000 again until June 2022 in the middle of a bearish market.
Jadi di sini dapat dilihat BTC pada masa ini tidak mempunyai momentum diperlukan untuk mencontohi kenaikan pada tahun 2020 kerana orders sells ketara telah ditambah pada $70,000 dan $71,000 di Binance.
As of this writing, BTC price has plunged by 7.31% to $63,562 in the past 24 hours with a market cap of over $1 trillion but is still up 11.63% over the past week.
