Bitcoin fell below $ 100,000, and bullish bets on the rise in cryptocurrency prices lost $ 770 million in the past 24 hours, and some major were rapidly losing momentum at the beginning of the bloody week.
Solana’s SOL and Dougen (DOGE) have fallen by more than 10 %, leading the losses of major companies, while the Esa (ETH), BNB chain BNB, XRP (XRP), and Cardano’s ADA dropped by 9 %. As of Monday afternoon, the overall market capitalization fell 8.5 %.
The tokens of various sectors other than the top 20 show the same difficulties, and the Maem coin Pepe (Pepe), Layer 1 emerging company Aptos (apt), Gate.io’s Gate and AI Agent Creation Platform Virtuals (Virtuals (Virtuals) ) Is falling by 18 %.
Jupiter’s JUP was the only green token that rose 3.5%in the past 24 hours in the past 24 hours, given the decision to buy a token from the public market depending on the commission generated by the trading platform (pure amount can be equivalent to several hundred million dollars. Sex) We purchase in large quantities every year.
Bitcoin fell below $ 99,000 in Monday in the early morning, as Traders have made profits before the first US Federal Open Market Committee (FOMC) meeting. It tracks the loss of US stock futures that have fallen as the traders digest information about the cost and functions of the based in China, threatening the cost of Openai.
The futures market reflects these losses, and Traders, a BTC -linked product, have lost $ 238 million in the past 24 hours in the past afternoon in Europe and Asia. SOL and DOGE bets lost a total of $ 500 million, altcoin tracking products lost $ 138 million, and eather tracking futures lost $ 84 million.
The largest liquidation order was HTX, a BTC trading with a tether margin, and its value was $ 98.4 million.
The liquidation occurs when the trader does not have enough funds to maintain leverage trading. The high volatility of the cryptocurrency market means that liquidation occurs frequently, but large events such as Monday may provide more practical clues for market sentiment and positioning. 。
The liquidation may indicate that the market is overconfirmed, and that the price has occurred, but the area of the price chart, which has a large amount of liquidation, does not have any further selling pressure from the liquidated position. , The price may function as a support level or resistance level that can be reversed.
However, if the market continues to fall, those who have a short position may consider this as verification and increase the bet. Conversely, contrarian traders may consider a large -scale liquidation as an opportunity to buy a large -scale liquidation, hoping that the price will recover if the selling momentum weakens.