Data show that in the past 4 hours, the whole network liquidated 54.3911 million dollars, of which multiple single liquidated 41.5471 million dollars, empty single liquidated 12.844 million dollars.
The price of the world's largest cryptocurrency has seen a modest rally since falling below $54,000 earlier on Friday and is now trading back up to $58,283. US spot bitcoin ETFs had net inflows of $143.10 million on Friday, the highest inflow level in at least two weeks, according to data compiled by Farside Investors. The largest inflow was Fidelity-owned WiseOrigin Bitcoin Fund (FBTC), which had net inflows of $117.40 million. Other funds with net inflows included the Bitwise Bitcoin ETF (BITB...
Bitcoin fell below $54,000 on July 5 and the Fear and Greed Index fell to 29, its lowest since early 2023. Market selling pressure came from the German and US governments selling seized bitcoins and Mt. Gox starting refunds. Rachel Lin of SynFutures pointed out that the selling pressure is difficult to ease in the short term, and Mt. Gox users are expected to sell on a large scale. Markus Thielen of 10x Research lowered the bitcoin price target to $50,000, arguing that August and September are c...