Bitcoin backtested 63,000 US dollars, Ethereum challenged US$2,600, and US stocks encountered the "Four Witch Day" investors stopped waiting and watching

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BlockTempo
19 hours ago
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Bitcoin continued to fluctuate within a narrow range around US$63,000 yesterday (20th) until the Bank of Japan announced at around 11 a.m. that it would maintain the current interest rate level, and the price briefly exceeded US$64,000 within two hours.

But then selling pressure emerged, and the price of Bitcoin fell back to around $63,000 again, retesting the $62,964 support. At the time of writing, it was trading at $63,040, up 0.33% in the past 24 hours.

The trend of Ethereum is stronger than that of Bitcoin. After the Bank of Japan announced that it would maintain interest rates, Ethereum broke through $2,500 and started a new wave of gains earlier, reaching a maximum of $2,587.4, quite challenging the momentum of $2,600.

It was trading at $2,561 at the time of writing, up 4.64% in the past 24 hours.

The entire network liquidated $139 million in the past 24 hours

Coinglass data shows that in the past 24 hours, the liquidation volume of cryptocurrency contracts across the entire network reached 139 million US dollars, and the liquidation amount of long and short orders was close to that. Among them, the liquidation volume of short orders was 74.87 million US dollars, and a total of more than 57,000 friends were liquidated.

Although the liquidation data this time is not particularly serious, it can be found from the liquidation heat map that except for mainstream tokens such as BTC, ETH and SOL, which are mainly liquidated by short orders, other niche tokens are almost all liquidated by long orders. Mainly liquidation.

U.S. stocks mixed on 'Four Witches Day'

In the U.S. stock market, last night coincided with the "Four Witching Day" and the four major indexes generally performed poorly. Only the Dow Jones Industrial Average rose slightly among the four major U.S. stock indexes. Perhaps investors were worried about the expiration of many financial products on the "Four Witching Day" It will further aggravate market turmoil, so we should exit the wait-and-see situation first:

  • The Dow Jones Industrial Average rose 38.17 points, or 0.09%, to close at 42,063.36 points
  • The Nasdaq fell 65.66 points, or 0.36%, to close at 17,948.32 points
  • The S&P 500 index fell 11.09 points, or 0.19%, to close at 5,702.55 points
  • The Philadelphia Semiconductor Index fell 66.58 points, or 1.31%, to close at 5,000.06 points

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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