Market Trend:
Bitcoin is fluctuating at high levels, the market is declining, with liquidations reaching 483 million USD within 12 hours, primarily long positions. The new currency NXCP is rising against the trend, while the Believe platform token has significantly retraced. In the US stock market, the S&P has risen for four consecutive days, while the Nasdaq's six-day rise has ended, with Alibaba plunging over 7%. Both bonds and gold are seeing a rebound. In terms of liquidation, if Bitcoin drops to 102,688 USD, long positions will be liquidated by over 66 million USD; if it rises to 104,688 USD, short positions could be liquidated by more than 350 million USD, indicating greater risk for short positions. It is recommended to control leverage and be cautious of drastic fluctuations leading to forced liquidations.
