Yesterday, Bitcoin staged a thrilling performance when the US stock market opened.
The bears suddenly gained momentum at the opening, causing the price to plummet to $88,459 in a short period. Leveraged longs faced a concentrated liquidation, making the situation quite dangerous for a moment. However, this dip did not crush the buyers' confidence. Funds quickly started to buy the dip, and BTC rapidly rebounded, almost straight-line breaking through the psychological barrier of $90,000, finally stabilizing around $90,054.
The driving force behind this is quite clear—the strong performance of the Nasdaq combined with a bullish start for crypto-related stocks provided ample upward momentum for Bitcoin. The correlation effect between the US stock market and the crypto circle was vividly reflected in this wave of行情.
However, it is important to note that the volatility around the $90,000 level is indeed intense. Especially for friends engaged in contract trading, the US stock trading hours often see secondary retests. Proper position management is essential to avoid being wiped out by sudden fluctuations.
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LightningPacketLoss
· 01-05 01:20
That time, I was directly swept away, truly a once-in-a-lifetime experience. The comeback relied on the 90,000 wave, I’m done with the contract, my mentality is shattered.
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PonziWhisperer
· 01-04 12:33
It's another spike and rebound, this rhythm is really intense, my heart can't take it anymore.
Enjoying the rebound is great, but I'm just worried that the next second will bring a secondary retest. The 90,000 yuan level is really a knife's edge.
The strength of the Nasdaq can drive the coin price, which shows that on-chain funds are still following the US stocks pattern, with little independence.
Fellow contract traders need to be careful. These high-level fluctuations are liquidating one after another. I think I'll just stick to old-fashioned profit-taking.
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AirdropHunterWang
· 01-02 15:56
It's another day when the US stocks open and make my heart race. That 88k drop almost scared me to death. Luckily, I didn't chase the short.
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OnchainFortuneTeller
· 01-02 15:54
Another thrilling drama, but this wave of rebound is indeed fierce. The market's bottom-fishing instinct remains sharp.
Oh no, someone was probably swept at the 90,000 level again. Playing with contracts is a game of heartbeat.
The Nasdaq-driven tricks in the crypto circle have been exposed; the problem is, will we still rely on it next time?
During the spike from 88 to 90, if you had shorted against the trend yesterday, you would have been wiped out. I won't say more.
Secondary retests are routine operations. As soon as the US stock market opens, the crypto market needs to be on high alert.
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LiquidityWitch
· 01-02 15:44
the liquidation sacrifices were absolutely *brutal* yesterday... watching those longs get obliterated at 88.4k felt like witnessing some dark alchemy in real time ngl
Yesterday, Bitcoin staged a thrilling performance when the US stock market opened.
The bears suddenly gained momentum at the opening, causing the price to plummet to $88,459 in a short period. Leveraged longs faced a concentrated liquidation, making the situation quite dangerous for a moment. However, this dip did not crush the buyers' confidence. Funds quickly started to buy the dip, and BTC rapidly rebounded, almost straight-line breaking through the psychological barrier of $90,000, finally stabilizing around $90,054.
The driving force behind this is quite clear—the strong performance of the Nasdaq combined with a bullish start for crypto-related stocks provided ample upward momentum for Bitcoin. The correlation effect between the US stock market and the crypto circle was vividly reflected in this wave of行情.
However, it is important to note that the volatility around the $90,000 level is indeed intense. Especially for friends engaged in contract trading, the US stock trading hours often see secondary retests. Proper position management is essential to avoid being wiped out by sudden fluctuations.