In one article, we understand that Bitcoin returns to $97,000 and mainstream coins generally rise slightly

Recently, due to factors such as the threat of tariffs by the US president, volatility in the cryptocurrency market has intensified. Bitcoin (BTC) fluctuated between $95,000 and $97,000 after falling below $100,000. It rebounded to $97,000 this morning, and its current price is $96,849, an increase of 0.4% in 24 hours.

Ethereum (ETH) remains stable above $2,600, with the current price of $2,642, a 24-hour increase of 0.16%. Previously, its price fell to $2,562 at one point.

Most mainstream currencies rose slightly

CoinMarketCap data shows that the prices of most mainstream cryptocurrencies rose slightly today. Among them, SOL rose the most significant, reaching 4.5%, at $201.92; SUI rose 4.3%; XRP rose 1.73%; DOGE rose 2.55%; TRX rose 0.97%; LINK rose 0.45%; AVAX rose 0.81%.

The scale of liquidated positions across the entire network declined

Coinglass data shows that in the past 24 hours, the amount of liquidated positions across the entire network exceeded US$103 million, of which the long positions were liquidated 44.15 million and the short positions were liquidated 595.7 billion, affecting about 75,000 people. It is worth noting that compared with the US$2 billion liquidation scale three days ago, the liquidation scale has significantly fallen to normal levels.

However, Coinglass data also pointed out that if the price of Bitcoin falls below $93,000, it will trigger a long liquidation of more than $1.1 billion, which is worthy of high attention in the current market environment covered by the clouds of the global trade war.

Cryptocurrency Exchange Network Clearing Map

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