HiSeven
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[August 11, UTC+8, Early Morning] Today's Cryptocurrency Market Hotspot Analysis
Today's cryptocurrency market presents some dynamics worth noting, which can be summarized as follows:
1. Market sentiment is volatile, be wary of short-term pullback risks
Recently, the crypto market has seen significant volatility, with Bitcoin's price dropping from last week's $114,000 to around $107,500, a short-term decline of over 6%. Analysts attribute this adjustment to worse-than-expected U.S. employment data and the uncertainty brought by Trump's new economic policies. On-chain data shows that over 120,000 trading accounts were forcibly liquidated in the past 48 hours, with a liquidation amount reaching $850 million, marking a new high in nearly three months. The market sentiment indicator 'Fear and Greed Index' has dropped to 42, entering the 'Fear' zone, indicating that short-term bearish sentiment is intensifying.
1. Market sentiment is volatile, be wary of short-term pullback risks
Recently, the crypto market has seen significant volatility, with Bitcoin's price dropping from last week's $114,000 to around $107,500, a short-term decline of over 6%. Analysts attribute this adjustment to worse-than-expected U.S. employment data and the uncertainty brought by Trump's new economic policies. On-chain data shows that over 120,000 trading accounts were forcibly liquidated in the past 48 hours, with a liquidation amount reaching $850 million, marking a new high in nearly three months. The market sentiment indicator 'Fear and Greed Index' has dropped to 42, entering the 'Fear' zone, indicating that short-term bearish sentiment is intensifying.
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