On the 14th day and night of the Spring Festival, the market of virtual gold suddenly stirred, affecting all the gold in the world, causing the global financial market to be shaken. The price of bitcoin has always fluctuated, and it has plummeted sharply in the night, which is eye-popping. At the beginning, it was still in the position of 67,100 green bills, but in an instant, it was like a boulder thrown into the abyss, and it poured down as many as 2,000 pieces, and even under 65,000 pieces, it was like a cliff, which was terrifying.
There were more than 290,000 liquidators, and their assets amounted to 92,000 green banknotes, equivalent to about 6,658 million Chinese dollars. This overnight change can really be described as "a river of blood", wealth instantly turned into nothing, and the people of the city were shocked, all of which said that they had never seen such a tragic situation. According to the statistics of CoinGlass, overnight, the number of liquidated positions and the huge amount of money have hit a new high in history, which shows that the collapse of Bitcoin is comparable to extraordinary fluctuations.
The reason for this is that the market confidence is shaken, or the large investors are selling, and some commentators are saying that the "halving" of bitcoin is coming, and the relationship between supply and demand has changed drastically, causing market chaos. The so-called "halving" refers to the halving of the reward for newly minted blocks on the Bitcoin network every four years, which is why the growth rate of circulating coins slows down, and theoretically should push up the price of coins. However, the change before the "halving" is very different from the normal track of previous bull markets, which makes investors quite confused. Knowledgeable people such as Kevin, the founder of Web3CD and CEO of FullSpeedInnovationCapital, once said in an interview with "Daily Economic News" that this round of market may go out of an unprecedented trajectory, because it was posted before the "halving". However, the market is chaotic and disorderly, and the future direction is difficult to predict.
Although the price of Bitcoin has risen and fallen repeatedly, investors have flocked to it because of its attractiveness in three ways: first, Bitcoin has a rich return over the years, far outperforming many traditional assets, second, it has a weak correlation with secular financial markets and can effectively diversify risks when included in a portfolio, and third, some people see Bitcoin as a weapon against inflation and want to use it to preserve value. However, investing in Bitcoin is risky. Wang Penggong, a researcher at the Beijing Academy of Social Sciences, once warned that the price of bitcoin is changing rapidly, and investors may be hit hard; although it is technically solidified, the risk of cyber attacks and theft has not been eliminated; moreover, the regulatory policies of various countries on virtual gold are uneven, and the law is still evolving, all of which are hidden troubles.
To sum up, Bitcoin plummeted overnight, causing turmoil in global financial markets and revealing the dangers of a virtual world. There are many liquidators, wealth evaporates, and people in the market are panicking, and they all hope that the market will stabilize as soon as possible. However, in the future, Bitcoin and even the entire virtual gold market, where will it go, the world is looking forward to it, and they are only willing to invest rationally and beware of the disaster of bubble bursting.
#比特币一夜暴跌 More than 290,000 people liquidated ##文章首发挑战赛#