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昨天加密货币市场的走势并不是真正的崩盘,但足以引发大量的强制平仓。
从技术上讲,这只是强劲而快速反弹后的暂时调整。
导致昨天崩盘的清算之前加密货币市场的崛起
一切实际上都从周一开始,当时比特币的价格自 2021 年 11 月(上一个历史高点月份)以来首次升至 65,000 美元以上。
事实上,这次上涨已经使 BTC 的价格突破了 68,000 美元,非常接近之前的历史高位。
夜间,金价实际上暂时跌破 66,000 美元,可能是由于亚洲市场的获利了结,但随着昨天美国市场重新开盘,金价在短短几个小时内跃升至 69,000 美元以上,创下历史新高。
然而,有必要指出的是,导致这一上涨的欣快感和 FOMO 早在 2 月 26 日比特币飙升至 52,000 美元以上时就开始在加密货币市场蔓延。
所有这一切都必须以去年 10 月开始的真正牛市为背景,当时比特币的价格首先升至 30,000 美元以上,然后升至 35,000 美元以上。
尽管我们还不能说是一次类似于减半后年份(2013年、2017年和2021年)的大牛市,但很明显,这确实是一次牛市,比特币因此回到了高点。
获利了结
从周一到周二的晚上,亚洲市场已经开始从比特币的极高价格中获利了结,但美国市场在昨天创下新高后才开始获利了结。
事实上,一旦比特币价格升至 69,000 美元以上,就会触发抛售,在短短几个小时内将其价格降至 60,000 美元以下。
不过,重要的是,今晚亚洲市场没有获利了结,这表明前一天可能大部分已经耗尽,而今天美国市场可能也没有获利了结。
所有这些确实导致了从 69,000 美元以上短暂“崩溃”至 60,000 美元以下,但几乎立即反弹至 65,000 美元。 随后,价格在夜间升至 67,000 美元以上,这可能要归功于亚洲市场前一天抛售以兑现收益。
所以最终不是崩盘,而是从 69,000 美元回调至 66,000 美元,不要忘记两天前价格仍为 62,000 美元。
尽管在 5 小时内增长了 13%,但在这种情况下谈论“崩溃”实际上似乎很不正确。
加密货币崩溃后的解决方案
但最奇怪的是,昨天的这种动态导致之前的空头头寸和之后的多头头寸都被强制平仓。
Indeed, the rise from $62,000 to $69,000 in just over 24 hours has liquidated many short positions of those who were betting on a correction, but then the correction has liquidated many long positions of those who were betting on the continuation of the rally.
In the end, the price actually went from $62,000 on Monday to $66,000 today, but through a quick rise up to $69,000 and a very rapid correction down to $60,000.
It was precisely these two very fast events that left no escape for short sellers and “longists”, as many did not have time to close or modify their positions.
In these cases forced liquidations are triggered, even if everything then turns out to be a flash in the pan.
According to the Coinglass data, in just one day yesterday, almost 300 million dollars of short positions were liquidated first, and then almost 900 million dollars of long positions.
Altogether, nearly 1.2 billion dollars have been liquidated on leveraged cryptocurrency futures markets.
If short liquidations were not a record, long liquidations were, as in recent months we had never seen anything like it.
The return to normality
It was actually a “great cleaning”, although only in the short term, which may have brought the situation back to an apparent normality.
To tell the truth, this 2024 for the crypto market is anything but normal. In fact, never before had the price of Bitcoin reached a new all-time high just before the halving, because in the three previous cases the new highs had always been reached months after the halving.
However, we must begin to get used to a new normality, because with the arrival of BTC spot ETFs on US exchanges, the basic structure of the Bitcoin market has changed.
It is possible that yesterday’s big clean-up brought the Bitcoin market back to the new normal, so much so that today it may almost seem like nothing sensational has happened, if one were to limit oneself to analyzing what is happening now.
The FOMO
The fact is that even the FOMO of recent days now seems to be dissolving.
By analyzing, in fact, the graph of searches for the word “bitcoin” on Google in the last seven days it is discovered that the peak was on February 28th, while yesterday we stopped at 80% of the peak at the end of February.
Furthermore, the same peak on February 28th turned out to be only slightly higher than that of January 11th, and not at the record levels of November 2021, or for example those of June 2022.
Actually, the current level is similar to yesterday at this time, so it cannot be ruled out that with the reopening of the US stock exchanges it could peak again, but the sentiment dropped to more physiological levels would suggest otherwise.
It remains to be seen whether the US markets will continue to be bullish, as they have been for months now, or if in case of a new rise to new highs, a correction for further profit-taking could occur again, perhaps starting from $70,000.