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Event ends: August 9, 16:00 UTC
More details: https://www
Data Analysis:
According to the current liquidation map, the market has just seen a rebound liquidation wave for short positions. Currently, the market is dominated by long positions. Based on the current Bitcoin price around $109,300, if the market fluctuates up or down by $2,000 and rises again to around $111,300, the estimated cumulative liquidation amount for short positions could be about $824 million. Conversely, if the market drops to around $107,300, the estimated cumulative liquidation amount for long positions could be about $613 million.
Market Opinion:
Market direction: The short-term will continue to be dominated by fluctuations. Although the market just had a slight rebound, the daily level is still somewhat in an upward fluctuation. Ethereum and most altcoins have also rebounded somewhat. Currently, the market sentiment remains quite greedy.
This week, the focus is on the delay period of the reciprocal tariffs implemented by the US for negotiation time with various countries. The progress of negotiations will be announced this week, specifically how many countries have completed negotiations and which have not yet reached an agreement. This will impact the overall market and other financial sectors. If too many countries fail to reach an agreement, the policies that will continue to be enforced in August could easily trigger another financial tsunami. Therefore, it is important for everyone to pay close attention to news in this area, and recent operations should still focus on short-term fluctuations.
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