Analyst: Bitcoin breaks through $110,000 and is at a critical position waiting for macro signals
5 hours ago
Odaily News Bitcoin rose more than 3% in a single day, breaking through $110,000, and is only about 2% away from its all-time high in May. Ethereum rose 3.8% at the same time, standing above $2,620. Hyperliquid's HYPE and SUI rose 7% and 4.5% respectively, performing outstandingly among mainstream crypto assets. Bitfinex analysts said that after Bitcoin experienced a 10% correction last week and nearly $1.9 billion in derivatives liquidation, market leverage has been effectively cleared, and it is currently at a crossroads between "structural support and weakening momentum", waiting for the next macroeconomic catalyst. CoinGlass data showed that Bitcoin's rise on Monday led to more than $110 million in short positions being liquidated, and the crypto market liquidated a total of more than $330 million in short positions that day, setting a nearly one-month high. Caleb Franzen, founder of Cubic Analytics, called the current market a "peaceful rise", that is, higher highs and higher lows continue to appear, and buying support is quickly obtained in each pullback. Wintermute OTC trader Jake O said the market is paying attention to this week's meeting between US and Chinese trade representatives and the US CPI data released on Wednesday, which may become the key trigger for Bitcoin's next move. (CoinDesk)
最热快讯
资讯热榜
日榜
周榜
South Korea's new president fulfills campaign promise and gives green light to stablecoin issuance
Metalpha withdrew 18,000 ETH from Binance 2 hours ago
Economist "Dr. Doom" lowered his forecast for a U.S. recession and turned bullish, predicting that U.S. stocks and the U.S. economy will benefit from AI and the energy revolution
Upbit will launch AXL Korean Won and USDT trading pairs
Lazpad's first IDO project Calith briefly broke through 0.158 USDT on the Metis network, an increase of more than 1,800% from the opening price.
Fragmetric co-founder responds to airdrop rumors, hinting that the airdrop ratio will be greater than 5%