Market Trend Analysis

Cryptocurrency Market Dynamics

Bitcoin ($BTC) once dipped near $100,000, with a total liquidation amount of $448 million across the network in the past 12 hours, primarily from long positions. Cryptocurrencies such as $DOGE, $PEPE, $WIF, and $TRUMP are actively traded, making their way into the top ten by trading volume.

Global Financial Markets

The easing of trade tensions between China and the U.S. boosts a strong rebound in U.S. stocks. The Nasdaq index surged over 4%, returning to a bull market; the S&P 500 index rose over 3%. Alibaba's stock price jumped nearly 6%, with the offshore yuan soaring nearly 500 points during the session. U.S. Treasury yields fell back, and gold futures briefly dropped over 4%.

BTC/USDT Liquidation Risks

Based on the current price of 102,772 USDT, if the price drops by 1,000 points to 101,772 USDT, the liquidation amount for long positions will exceed $299 million; if it rises by 1,000 points to 103,772 USDT, the liquidation amount for short positions will exceed $205 million. The liquidation pressure for long positions is greater than for short positions, so it is advisable to cautiously control leverage ratios to avoid liquidation risks caused by market fluctuations.

Capital Flow

In the past 24 hours, $BTC's spot market saw an inflow of $3.9 billion and an outflow of $3.7 billion, resulting in a net inflow of $200 million, indicating a cautiously optimistic market sentiment.

Contract Trading Opportunities

In the past 24 hours, there has been a significant net outflow in contract trading for $BTC, $ETH, $SOL, $DOGE, $SUI, etc. There may be short-term trading opportunities, and it is recommended to pay attention to market fluctuations and capital flows.