Data Analysis:
In just one night, the amount cleared reached as high as 19.2 billion USD, with about 1.65 million people being liquidated, creating the day with the highest number of liquidations and amounts, and the bulls were particularly hard hit.
Current liquidations show that Bitcoin and Ethereum shorts are dominant and intense.
Current price of Bitcoin is 111,700 USD. If it rises to 113,700 USD, it is expected to liquidate shorts of about 400 million USD; if it falls to 109,700 USD, it is expected to liquidate longs of about 365 million USD.
Current price of Ethereum is 3,770 USD. If it rises to 3,870 USD, it is expected to liquidate shorts of about 355 million USD; if it falls to 3,670 USD, it is expected to liquidate longs of about 300 million USD.
Greed & Fear Index: Fear (28)
Altcoin Season Index: 47
ETF Fund Flows (This Week)
BTC Spot ETF: Net inflow of 2.6263 billion USD
ETH Spot ETF: Net inflow of 563.7 million USD
SOL Spot ETF: Net inflow of 29 million USD
Daily Viewpoint:
Market Direction: Bearish. From the current market trend, it is still in a downward trend without any significant rebound because the bulls have basically been liquidated, and most altcoins have been halved. As for why there was a sudden crash, it was mainly due to a significant drop in the US stock market causing the market to collapse.
I mentioned in my market viewpoint a few days ago that there was a risk of a significant pullback or waterfall, and I reminded to pay attention to risks, but I didn't expect this waterfall to exceed expectations. The market once dropped by 20,000 points, which led to so many people being liquidated, with such a high amount of liquidation...
I personally believe that this large-scale liquidation has also burst some bubbles. During this period, the market is about to enter a consolidation phase, and then slowly recover for a while. The market has now entered a state of panic, and I instead suggest taking the opportunity to buy in batches; when others panic, I am greedy.
Therefore, for spot trading, it is recommended to buy in batches focusing on popular sectors and mainstream coins, remember to buy in batches, and then hold for 1-3 months before reassessing. For contracts, consider buying on dips; you can take a chance on trend contracts, but remember to hold for a longer time, so keep the position small and low leverage, waiting for the market to rebound again later.
This morning many people privately messaged me asking if the bull market is still there? I want to say that the bull market is still there for the overall market; as for altcoins, I want to ask, have they ever had a bull market?