This morning, BTC experienced a sharp drop in price due to the impact of Trump's inauguration. According to statistics, a total of $517 million in positions have been liquidated in the contract market in the past 24 hours, with the largest single liquidation amount reaching $12.54 million, which is a BTC multiple.
According to the data from the liquidation chart, the concentrated price of BTC contract liquidation is $100700, and the liquidation period is from 01:05 to 01:40, which is during Trump's inauguration ceremony and speech.
According to the usage of the liquidation chart, during a downtrend, after multiple concentrated liquidation, there is a high probability of a rebound. As of the time of writing, BTC prices have rebounded and fluctuated above the concentrated price of explosive positions.
AICoin editor's note: Custom indicators can be used to monitor the liquidation of BTC, ETH and other contract currency pairs, seizing opportunities for reversal: https://www.aicoin.com/link/script-share/details?shareHash=4mP9Wex0AZR5kxey
The market fluctuates greatly, please take good risk control measures. The data is for reference only and does not constitute any investment advice!
