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(BTC) continued the decline that started last week, falling to $67,800, due to the liquidation of long bets in the futures market on the 4th. According to data released by the betting site 'Polymarket', which reveals bets on various events, the overwhelming lead of former President Trump's approval rating has started a sharp decline and has fallen to the same level as Vice President Harris, leading to a large-scale liquidation in the futures market. According to data released by the on-chain analysis platform Coinglass on the 4th, the liquidation amount in the futures market on the 3rd was about $315 million, of which $250 million was the liquidation of long bets.
2. , recorded below the realized price... "Possibility of further decline"
As fell to the $68,000 level on the 4th, falling below the realized price of $69,000, the possibility of further decline in was raised. In a report released on the 4th, the on-chain analysis platform Cryptoquant emphasized that as fell below the realized price of $69,352, further decline in could occur. The realized price of refers to the average purchase price of market investors.
3. US Spot ETF, recorded net outflow on the last trading day of last week
The spot exchange-traded fund (ETF) in the United States showed a net outflow on the last trading day of last week, the 1st. According to data released by the financial data platform Sosovalue on the 2nd, the net outflow of the US spot ETF on the 1st was $54.9 million.
4. Joo Gi-young "The soaring trading volume of stablecoins does not mean a market rise"
Joo Gi-young, CEO of Cryptoquant, claimed through his X account on the 2nd that the recent surge in the inflow of stablecoins into centralized exchanges (CEX) does not mean a rise in the cryptocurrency market. He revealed that the ratio of stablecoin investors to investors in CEX has recently recorded about 6 times. He explained that the high ratio of stablecoin holdings by investors is due to the purpose of bypassing capital controls and the increased demand for the US dollar itself.
