Yesterday, it was also mentioned that BTC's market capitalization share has broken a new high since February 2021. When the market share of 大饼 increases, it often signifies that the overall surge of other 山寨 coins may become more substantial. Currently, this data can only be seen as a Rebound trend and cannot be regarded as a reversal signal condition. Now, 山寨币 has been falling for nearly half a year, and many 山寨 coins listed on BN have a market capitalization of only ten to twenty million dollars, or even a few million dollars. In the past couple of days, they have started to stop falling and rebound, with only a small portion of 山寨 coins experiencing several times the growth, while most are still showing a pullback after a pump. In fact, this kind of wide-ranging fluctuation seems more like an emotional recovery Rebound after being oversold.

Additionally, last night when BTC was about to break through $90,000, the liquidation chart showed that the leveraged liquidations of short positions would reach as high as $1.76 billion, which proves that there are too many retail investors shorting BTC in the market. This wave of rise may also not exclude the possibility of exploding market leverage behavior, but often when such liquidations increase, it also indicates that the main upward wave is getting closer to us, because before every major market event, there are liquidations of leverage in the market. [鲜花]

[鲜花]