Bitfinex report: Bitcoin's structural strength remains good, and the support level remains stable
07-28 14:25

Odaily Planet Daily News Bitfinex Alpha's latest report pointed out: The market is at a critical moment. Bitcoin's structural strength is still good, support levels remain stable, and ETF demand is stable, but the rising leverage of altcoins makes the broader cryptocurrency market vulnerable to sharp deleveraging events. As speculative positions increase, the risk of chain liquidations will also increase, especially when macroeconomic news turns negative or price momentum stagnates. Last week, Bitcoin successfully defended its short-term range low near $114,800 and rebounded sharply, closing at around $119,580. Previously, Bitcoin had plunged nearly 5% during the week, triggering large-scale liquidations.

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