- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Viewpoint: Inflation Data Intensifies Market Bearish Sentiment, Bitcoin's Key Psychological Support Level at $100,000
BlockBeats News, September 1st, Kronos Research CIO Vincent Liu stated that inflation data has intensified bearish market sentiment, which initially emerged after a series of large-scale Bitcoin whale sell-offs triggered leveraged position liquidations.
Vincent Liu believes: "Bitcoin's key psychological support level is at $100,000, with leveraged positions under pressure, highlighting its fragile liquidity." He also added that Ethereum's key support level is at $4,000. "If these support levels are breached, it could trigger further declines and more widespread liquidity tightening, but a true bear market requires a more sustained decline."
Regarding this week's non-farm payroll data, Vincent Liu stated, "A significant surprise in job growth could trigger sharp market volatility—a strong data could pressure the cryptocurrency as risk appetite wanes, while weaker-than-expected data could boost demand." (The Block)
You may also like
Gainers
Latest Crypto News
Hyperliquid Sees Multiple Multi-Million Dollar BTC Inflows in a Single Day, with the Largest Inflow Reaching $91 Million
Cathie Wood: Liquidity Tightening to Reverse in Coming Weeks, AI Not in Bubble Territory
Data: U.S. Investment Market Leverage Surges, October Trading Margin Debt Increases by $57.2 Billion
「1.2M Principal MON Long」 position is at 117% unrealized gain, and further added to the position with HYPE and ZEC longs.
Some meme coins are starting to surge, with BANANAS31 up over 64% in the last 24 hours
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App