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Event ends: August 9, 16:00 UTC
More details: https://www
Data Analysis:
According to the current liquidation map, the market is predominantly bullish. If the price of Bitcoin falls to $102,500, it is expected that the total liquidatable long positions will amount to approximately $1.76 billion. Conversely, if it rises again to $106,500, the total liquidatable short positions are expected to be around $980 million.
Market Opinion:
Compared to Ethereum and SOL, the overall market in the last two days has been in a wide-range oscillating upward trend on the 4H and daily levels, with relatively large fluctuations, and it is further away from hitting new highs. In contrast, Ethereum and SOL's upward momentum has been mediocre, not keeping pace with the overall market, indicating that more funds have flowed into Bitcoin. In the coming days, we should pay attention to whether Ethereum and SOL can catch up. If Ethereum and SOL can strengthen and continue to rise, most mainstream altcoins will have a chance to continue their upward trend, while currently, most altcoins are performing generally.
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