Odaily星球日报讯 CryptoQuant 研究主管 Julio Moreno 在 X 平台发文表示：“比特币昨日跌至 8.88 万美元，主要是由期货市场去杠杆化推动的，但现货需求依然强劲。随着价格下跌，未平仓合约数量减少，表明期货市场中的多头头寸被平仓。资金费率也随之下降。”

Odaily星球日报讯  CryptoQuant 研究主管 Julio Moreno 在 X 平台发文表示：“比特币昨日跌至 8.88 万美元，主要是由期货市场去杠杆化推动的，但现货需求依然强劲。随着价格下跌，未平仓合约数量减少，表明期货市场中的多头头寸被平仓。资金费率也随之下降。”

分析师：比特币昨日暴跌至8.88万美元因期货市场去杠杆

Odaily Planet Daily reported that Julio Moreno, the research director of CryptoQuant, posted on the X platform saying: "Bitcoin fell to $88,800 yesterday, mainly driven by deleveraging in the futures market, but spot demand remains strong. As the price has fallen, the number of open contracts has decreased, indicating that long positions in the futures market have been closed. The funding rate has also declined accordingly."

Odaily Planet Daily reported that Julio Moreno, the research director of CryptoQuant, posted on the <X platform> that "Bitcoin fell to $88,800 yesterday, mainly driven by deleveraging in the futures market, but spot demand remains strong. As the price has fallen, the number of open interest contracts has decreased, indicating that long positions in the futures market have been closed. The funding rate has also decreased accordingly."

Analyst: Bitcoin plummeted to $88,800 yesterday due to deleveraging in the futures market

Odaily Planet Daily Report: CryptoQuant analyst Maartunn posted on <X platform> analyzing the reasons for the BTC price pullback this morning, including: the net market-taking trading volume on the Binance platform showed a large number of sell orders, and the buying power weakened; the recent BTC surge was driven by leverage, with open interest increasing by more than 15%; the above 2 signals occurred in a market sentiment of "extreme greed"; the 30-day change rate-based retail demand has reached the highest level in four years, at 30%.

CryptoQuant analyst: Excessive leverage and slow buying led to a drop in BTC prices this morning

According to Coinglass data, the total network liquidation in the past 24 hours was $1.091 billion, with long positions liquidated for $818 million. <OKX> shows that Bitcoin dropped to a low of $89,711.9, and is currently trading at $96,341, with a 24-hour decline of 4.90%.

Bitcoin fell nearly 5% in 24 hours, and the total amount of liquidation on the entire network exceeded US$1 billion

The Bitcoin price plunged by nearly $60 million this morning, reaching $90,500.