Bitcoin's Price Drop Triggers Liquidation Concerns

比特幣價格下跌引發清算擔憂

Should Bitcoin (BTC) rebound to $71,000, a significant number of short positions could face liquidation, resulting in a potential billion-dollar wipeout.

如果比特幣 (BTC) 反彈至 71,000 美元，大量空頭部位可能面臨清算，從而導致潛在的數十億美元損失。

Market Update

市場動態

On June 7th, Bitcoin experienced a 3.33% dip to $68,507, later recovering above $69,000 amidst economic uncertainty stemming from the US Employment Situation Summary Report. The decline was accompanied by drops in several altcoins, including Ether (ETH), Solana (SOL), Dogecoin (DOGE), and Pepe (PEPE).

6 月 7 日，比特幣下跌 3.33% 至 68,507 美元，隨後在美國就業情勢摘要報告帶來的經濟不確定性中恢復至 69,000 美元以上。下跌伴隨著幾種山寨幣的下跌，包括以太幣（ETH）、索拉納（SOL）、狗狗幣（DOGE）和佩佩（PEPE）。

Liquidation Calculations

清算計算

According to CoinGlass, the market plunge wiped out $409.51 million in short and long positions. Of this, $56.71 million was in long Bitcoin positions.

根據 CoinGlass 的數據，市場暴跌使空頭和多頭頭寸損失了 4.0951 億美元。其中，5,671 萬美元是比特幣多頭部位。

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If Bitcoin returns to $71,000, approximately $1.38 billion in short positions would be liquidated.

如果比特幣回到 71,000 美元，大約 13.8 億美元的空頭部位將被清算。

Investor Sentiment and Expectations

投資者情緒和期望

Prior to the price decline, Bitcoin had fluctuated between $70,000 and $71,662, raising hopes of a climb towards its all-time high of $73,679. However, futures traders anticipated further price declines, resulting in the liquidation of $1.38 billion in long positions.

在價格下跌之前，比特幣曾在 70,000 美元至 71,662 美元之間波動，這增加了其攀升至 73,679 美元歷史高點的希望。然而，期貨交易員預計價格將進一步下跌，導致 13.8 億美元的多頭部位被清算。

ETF Impact Concerns

ETF影響擔憂

Investors have questioned why Bitcoin's price has not surpassed its previous highs despite significant inflows into Bitcoin ETFs. Analysts have suggested that ETFs currently lack the influence to drive the market on their own. Crypto trader Christopher Inks emphasized the complex nature of the market, which includes spot, futures, ETFs, and options.

投資者質疑為何儘管有大量資金流入比特幣 ETF，但比特幣的價格仍未超過先前的高點。分析師表示，ETF目前缺乏獨立推動市場的影響力。加密貨幣交易員 Christopher Inks 強調了市場的複雜性，其中包括現貨、期貨、ETF 和選擇權。