BTC breaks through the $106000 mark

The price of Binance BCH/USDT has reached a new high in nearly three months, now trading at $462.2, up 6.05% in 24 hours, with a turnover of $22.59 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)

The current price of ETH is $2544.37, with a 0.49% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 112 million US dollars, with multiple orders being the main liquidation and 29.1 million US dollars (25.88%) of ETH liquidation. The data is for reference only.

The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

Odaily Planet Daily News: According to @ ai_9684xtpa analysis, the most important reason why we should hit KOGE first and then ZKJ may be that ZKJ has a contract, and they can simultaneously hit the market on the chain by opening short on the exchange; Secondly, from the perspective of liquidity, ZKJ's liquidity will be better, and smashing the market will require relatively more funds; The LP ranges of ZKJ and KOGE are extremely narrow, and if a large number of them break through this range and do not have enough funds to take on sell orders, they will inevitably crash. And when LP sees a drop in coin price, they will also panic and flee, creating a vicious cycle that further collapses the coin price; It is speculated that the continuous decline in Alpha trading volume for several days may be the trigger, and the exit of the massive LP is also a "fast running" game.

NYDIG Research said playing the low volatility through BTC options might yield a "relatively inexpensive" trade for directional traders.