Per Editor: Du Yu
Bitcoin reappears flash crash! On the evening of January 21, 2022, Bitcoin fell below $36,000 / coin during the day, with a maximum decline of 12.8%.
Related U.S. blockchain concept stocks have also gone lower. Coinbase(COIN. O) fell 11.42% at one point, riot blockchain (RIOT. O) fell 8.4 percent at one point, canaan technology (CAN. O) fell 7.84% at one point, Bit Digital (BTBT. O) fell 7.5 percent at one point, marathon digital (MARA. O) fell 8.3% at one point.
As of now, the Bitcoin index is reported at $36253.4.
It is worth noting that in November 2021, Bitcoin hit a new high of $60,002, and then Bitcoin fell all the way, with a maximum decline of 20% on December 4, 2021, as of now, the Bitcoin index is more than 50% lower than the high point of 60002, and investors have suffered heavy losses.
On the evening of January 21, 2022, Bitcoin fell again, once again causing long investors to suffer a blowout. According to the data of Bitcoin Homeland Network, in the past 24 hours, more than 250,000 people on the whole network have been tragically "bloodbathed", and 6.4 billion funds have been wiped out.
Bitcoin flashed crash again, and the investment in the coin bar was also a spit.
Earlier, Jim Greco, managing director of crypto trading firm Radkl, had said that investment enthusiasm for Bitcoin was fading and trading activity was sluggish. In the face of Bitcoin's sluggishness, the growth of active addresses (a measure of trading activity) has also stagnated.
Kantorovich, head of reporting at FalconX Agency, believes this could lay the groundwork for a short-term, sharp liquidity crunch that could lead to a lightning crash similar to December 2021.
Kantorovich also believes that "the fewer active addresses, the more assets stored in the 'cold storage'. The fewer Bitcoins that can be traded, the greater the volatility that can be expected as the liquidity between order books decreases. I think you're going to see a very quick, very short flash crash that will clear out the open interest in the market very quickly, similar to what we saw in December last year. ”
Daily Economic News synthesizes Bitcoin home network, public information
Daily economic news