BTC broke below $73,000 today, hitting a low of $72,600, with a 24-hour drop of over 3%.
Even more shocking is the liquidation data: the total liquidation amount across the network reached $935 million, with longs getting wiped out.
The trigger was the new wave of U.S. strikes against Iran. Geopolitical risks are escalating, putting pressure on risk assets collectively. However, BTC's drop is steeper than that of the stock market, indicating higher leverage and weaker sentiment in the crypto market.
It's worth noting that $70,000 is the key level that longs are currently defending. Funding rate data shows that a large number of longs have set stop losses around the $70K mark. If it breaks below, it could trigger a chain reaction of liquidations.
Short-term risks remain, but history tells us that after a panic sell-off, it often presents the best entry opportunity.
#BTC #行情分析 #清算 #Bitcoin
Even more shocking is the liquidation data: the total liquidation amount across the network reached $935 million, with longs getting wiped out.
The trigger was the new wave of U.S. strikes against Iran. Geopolitical risks are escalating, putting pressure on risk assets collectively. However, BTC's drop is steeper than that of the stock market, indicating higher leverage and weaker sentiment in the crypto market.
It's worth noting that $70,000 is the key level that longs are currently defending. Funding rate data shows that a large number of longs have set stop losses around the $70K mark. If it breaks below, it could trigger a chain reaction of liquidations.
Short-term risks remain, but history tells us that after a panic sell-off, it often presents the best entry opportunity.
#BTC #行情分析 #清算 #Bitcoin