The cryptocurrency market saw a strong rebound today (4th), with Bitcoin briefly breaking through the $72,000 mark around 22:20, reaching a new high in nearly a month. However, it quickly fell back and is currently fluctuating around $71,600, with a 24-hour increase of over 6%.
Analysts point out that this surge was mainly driven by the inflow of funds into Bitcoin as a safe-haven asset amid geopolitical tensions in the Middle East, coupled with optimistic expectations stemming from progress in the US Clarity Act legislation, leading to a general recovery in the crypto market. Ethereum also performed strongly, approaching the $2,100 mark intraday and currently hovering around $2,060 to $2,090, with a 24-hour increase of approximately 5-6%,带动 other Altcoin to generally rise.
However, market analysts say that despite the strong short-term rebound in Bitcoin and Ethereum, the overall market remains highly volatile due to geopolitical uncertainties. Investors need to closely monitor the subsequent performance of US stocks and related macroeconomic news, as the crypto market is likely to maintain high volatility in the short term.
$420 million in margin calls across the entire internet.
Affected by this surge, according to Coinglass data, a total of 118,439 people were liquidated in the past 24 hours, with a total liquidation amount of approximately $420 million. Among them, short sellers suffered a bloodbath, with liquidations reaching $284 million; while long sellers had $136 million liquidated.
