A volatile weekend for risk assets saw bitcoin traders lose millions of dollars on their long positions as the market leading digital asset retrace to a multi-week low of $61,000.
15년 2024월 2일 오전 18시(EST)에 게시되었습니다.
Bitcoin sold off sharply on Friday after Iran launched a drone attack towards Israel, dropping to a low of $65,000 on the day and declining further to a near one-month low of $61,000 on Saturday.
Although some industry watchers have called a correction of this scale a “normal drop,” the sheer number of long positions liquidated over the two days suggests that a vast majority of market participants did not see this price reversal coming.
Coinglass의 데이터 쇼 that $784 million crypto long positions were liquidated on Friday, followed by another $771 million longs liquidated on Saturday. According to onchain analyst Willy Woo, the worst of the liquidation train may now be over.
우리는 장기 레버리지를 $60까지 줄였습니다.
더 낮게 청산하려면 가격이 엄청난 $59 STH 지원을 깨뜨리고 약세장의 강력한 신호를 보냈을 것입니다.
다음은 71-75에 대한 단기 청산 가능성이 높습니다.
단기 가격은 청산의 과정입니다. https://t.co/CVMgOPqdmD pic.twitter.com/GFv5dEqwzF
- Willy Woo (@woonomic) 2024 년 4 월 15 일
As of late evening on Sunday, the price of bitcoin had recovered slightly from the selloff, and was trading around the $65,100 mark, while altcoins like Solana (SOL), Avalanche (AVAX) and Polkadot (DOT) recorded double digit percentage gains over a 24-hour period.
Shorter term price action might indicate that altcoins were in favour, but the rebound coincided with an uptick in bitcoin dominance, which rose to a three-year high, according to 데이터 블록에서.
Bitcoin dominance, which represents bitcoin’s value relative to other cryptocurrencies, now stands at 52.86% – the highest level since April 2021. This means that contrary to calls that an “altcoin season” may be in the works, the crypto market still remains fairly concentrated in bitcoin trades.
Everything red.
유동성 #alts flowing over to $ BTC.
BTC-Dominance moving towards 56 %# 암호화 안녕하세요. pic.twitter.com/PtmdTSPSl0
— Chris 🔺 (@JesusChris00) 2024 년 4 월 12 일
“I don’t typically look at Bitcoin dominance, but the chart is impressive considering the amount of new altcoins birthed into the market every day,” 유명한 popular pseudonymous crypto trader Bagsy on X.
For those still betting on an altcoin rally, it is worth noting that a select few tokens in the top 50 cryptocurrencies by market capitalization have actually outperformed bitcoin since the start of the year.
Those tokens include Dogecoin (DOGE), Stacks (STX), Binance Coin (BNB), Mantle (MNT), Shiba Inu (SHIB) and Render (RNDR).
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- 출처: https://unchainedcrypto.com/bitcoin-dominance-hits-3-year-high-as-weekend-liquidations-top-1-5-billion/