After several weeks of turbulence, Bitcoin regained a high of $60,000 on April 10, but the Bitcoin market was mixed. In the past 24 hours, more than 4 billion funds were liquidated, and the number of liquidated positions exceeded 80,000. This is still the announced number of liquidated positions, and the number of users who have not been liquidated leveraged is even more unknown. This shows how many people are raising money to speculate on Bitcoin. There may be some people who don't know that the price of Bitcoin is rising, but why would anyone liquidate their positions? This involves futures trading and financing transactions. Those who are interested can go to Baidu to check leveraged funds and futures trading. This is often encountered in the stock market, which basically means that loans are speculating on Bitcoin.
Of course, the high-risk characteristics of Bitcoin are accompanied by high returns, which is also one of the charms of Bitcoin. Bitcoin's price surge broke through the $60,000 mark this time. If it can stand firm in the next few days, there may be a big move in the next step. In fact, only from a technical point of view, the price of Bitcoin exceeded $60,000, which is good news for Bitcoin. Of course, Bitcoin, as a high-risk financial product, can't just look at the technological trend, but more importantly, look at the policy trend and whether the Bitcoin bulls have established a solid alliance.
Bitcoin and other digital currencies cannot generate value by themselves, so the biggest advantage comes from the consensus of capital. After a month of adjustments, Bitcoin regained its position at a high of $60,000, which also invisibly pushed up its cost price. So if the new bulls don't want their bitcoins in their hands, they won't easily sell them. This is intentional for bitcoin's price stability. As for the previous Bitcoin whale clusters, in fact, there is no need to worry too much, because it is too early for them to hit the market.
As long as you have money, you can be willful, Bitcoin is not a "fair" market
Because they have too many chips in their hands, if there is news that is unfavorable to Bitcoin, they will suffer the most. Therefore, from a technical perspective, the Bitcoin long alliance can continue to maintain stability, and there is a high probability that it will continue to rise to $65,000 in the future. In fact, at the current price point, unless the bulls short themselves, it is difficult for others to short Bitcoin. Because the Bitcoin Whale cluster has a lot of chips, they don't want their Bitcoin to be smashed in their hands, so they won't be foolish to smash it by themselves.
This reminds me of Game Station, the most classic long-short game in the U.S. stock market in recent years. As long as you have money, you can be willful and not afraid to go short. There may be many people who do not understand what it means, which means that as long as the Bitcoin bulls have sufficient funds, they can knock down all the bears. In the past more than 20 hours, the reason why more than 4 billion positions have been liquidated is actually not directly related to the value of Bitcoin. It may just be that the Bitcoin giant uses its own resource advantages to harvest retail investors in the futures market. The Bitcoin market is not a "fair" market.
Bitcoin is not afraid to go short
Bitcoin bulls have invested a lot of energy and material resources in Bitcoin, and now they have begun to take shape. It can also be said that the Bitcoin gaming table has been set up. As long as the Bitcoin whale cluster does not suffer from internal disturbances and the external policies do not undergo essential changes, their hype about Bitcoin is a transaction that makes no money. In fact, this is the same principle as a casino. As long as the casino is opened and users are willing to come, the casino will become bigger and bigger.
By the same token, if no one follows the trend to hype Bitcoin, then Bitcoin's Whale Alliance will be self-defeating. Now Bitcoin has accumulated a large amount of funds, which is increasing the cost of holding positions all the time. If the price of Bitcoin cannot rise, or if there is no one to take over, then someone's capital chain may be under pressure to break. Bitcoin whale accounts sell large amounts of Bitcoin, and there is likely to be a stampede, which is one of the most deadly factors for Bitcoin. Blessings can be shared, but difficulties may not necessarily be shared. This is one of the characteristics of Bitcoin.
Of course, in the face of huge benefits, many people have no resistance to the high-risk and high-yield characteristics of Bitcoin, and the higher the price, the more attractive it is. The price of Bitcoin exceeds $60,000, which will attract more people to participate in the speculation of Bitcoin, which is very beneficial for Bitcoin. Of course, what is the future development trend of Bitcoin, the most critical factor still depends on the policy direction. After all, we live in a human-led society. In this society, only a few people have the final say, Bitcoin will not become a place outside the law.
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