Bitcoin plunged, with $665 million in leverage wiped out; Mutuum Finance's pre-sale garnered attention with $10.7 million raised.
Bitcoin has fallen below the $110,000 mark, leading to mass liquidations of leveraged funds.
Bitcoin (BTC) surged to $110,000 today but fell sharply afterwards, reaching a low of $106,000 during the session, triggering severe fluctuations in the cryptocurrency market.
According to CoinGlass data, 132,600 traders were liquidated in the past 24 hours, with $665 million in leveraged positions wiped out.
Technical indicators show a bearish divergence in Bitcoin's RSI, with the MACD histogram remaining negative, compounded by concerns over macro liquidity as the yield on 30-year U.S. Treasuries rises to 4.844%, and the escalating geopolitical situation between the U.S. and Iran, all contributing to heightened market sell-off sentiment.
The hot pre-sale of Mutuum Finance has attracted attention with an expected growth of 43 times.
In contrast to the sluggishness of mainstream coins, the decentralized finance project Mutuum Finance (MUTM) is currently in its fifth phase pre-sale at a unit price of $0.03, attracting 12,100 investors and raising $10.7 million, with over 550 million tokens sold.
The pre-sale price of this project has increased by 200% from the first phase price of $0.01, and the price in the sixth phase will further rise to $0.035, with a planned listing price of $0.06, allowing current investors to lock in a 100% profit margin.
The innovative highlight of Mutuum Finance lies in its dual lending system: it achieves automatic interest calculation for stablecoin deposits through a smart contract pool while providing low-cost funds to borrowers, eliminating intermediaries to enhance transparency in its peer-to-peer model.
The project has completed a Certik security audit (score 80/100) and plans to integrate Layer-2 to reduce transaction costs.
Analysts predict that, with a practical token economic model and community growth, the price of MUTM may soar 43 times to $1.29 after its listing at $0.03, with its token buyback mechanism also supporting long-term value.
Market differentiation highlights a shift in investment logic.
The current cryptocurrency market shows significant structural differentiation: Bitcoin continues to adjust under macroeconomic pressures, while emerging projects with clear application scenarios are favored by investors.
Mutuum Finance has simultaneously launched a $100,000 reward program, offering additional token incentives to the top 50 holders, further igniting market enthusiasm.
Amid increased volatility in mainstream assets, projects with technological innovation and clear profit models are becoming new choices for capital seeking safe havens.