Shock! Nearly $15.51 million liquidated across the entire network in the last hour! BTC holding strong at $108,000?!
Market volatility: Short positions liquidated for $14.96 million, BTC firmly at $108,000 showing institutional confidence.
In the last hour, a total of $15.51 million liquidated across the network, with short positions accounting for 96%, $14.96 million, with BTC and ETH liquidating $4.52 million and $6.147 million respectively.
BTC remains stable at $108,000, with a slight weekly increase of 0.4%. The MACD shows dominance of the bulls, with $109,000 as the short-term resistance; the second coin Pectra is counting down to an upgrade, with potential staking rewards doubling, and Layer 2 projects rising 40% week over week.
Solana chain transaction volume $MEME exploded, driving DEXs like Jupiter to a 24-hour trading volume exceeding $36 million. BlackRock's IBIT holdings exceed 75 billion, MicroStrategy holds over 597,000 BTC, worth $63 billion, with listed companies and ETFs continuing to net buy.
The U.S. FDIC allows banks to participate in crypto business, but the SEC is tightening regulations on derivatives; geopolitically, the U.S. has extended the tariff deadline to August 1, which may alleviate short-term liquidity pressure.
BTC breaking $109,000 could trigger a rally, while ETH needs to focus on the ecosystem post-upgrade. The current market presents a threefold main line of BTC as a safe haven, ETH upgrades, and the Solana ecosystem. The wave of short liquidations may signal the end of the correction, suggesting attention to institutional funds and technical level breakthroughs.
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