Analysis: This morning, mainstream coins accounted for a relatively small proportion of liquidation in the derivatives market, Altcoin accounted for nearly two-thirds

Odaily Planet Daily Report: In the early hours of today, Bitcoin suddenly plummeted after hovering around $97,748 per coin. Within a few minutes, the price fell to $94,249, and the chain reaction of the price drop plunged the entire market into a predicament, with many other assets being hit even harder. fell more than 11%, fell 6.5%, fell 7.48%, fell 8.92%, and and experienced sharp declines of 22% and 21%, respectively. However, the analysis found that the proportion of mainstream coins in the derivatives market liquidation triggered by this drop was relatively small, and accounted for nearly two-thirds of the total liquidation amount. Since were the first to be liquidated, this event highlights the importance of risk management strategies in the derivatives market. According to the Center's Seasonality Index (ASI), the indicator has fallen below the 75 threshold and is currently at 69.