Bitcoin returned to the vicinity of US$62,600 after a sharp fall the previous day. While the market had previously been under pressure from the warming of the situation in the Middle East and the risk bias had weakened, there was no new focus in terms of derivatives and transaction data.
Liquidation is still concentrated.
In the past 24 hours, the market-wide liquidations amounted to approximately $283 million, of which many accounted for approximately 74 per cent. In nominal terms, Bitcoin and Taifung were the largest in sizes of approximately $66 million and $50 million, respectively.
Bitcoin ' s open contract was maintained at $17.1 billion, with a three-month annual base difference of about 3.8 per cent and a multi-platform funding rate of approximately 0 to 8 per cent. Binance's liquidation heat seeks to show that, if prices continue to go down, $61,300 is at the centre of attention.
It's not like it's going to cool.
The market for options is still biased, but the heat is lower than in the previous days. 24 Hours of ups and downs fell from 64/36 to 58/42, and a cycle of delta skew was reduced from 26% a week ago to about 15%.
Deribit Volativity Index DVOL 37.43, near years of low. The structure of the par value options period remains positive, indicating that the market has not yet moved to a clear defence, but that the options premium is declining.
Korea's trade volume is significantly amplified.
The Korean stock market became another important variable of the day. The benchmark unit means KOSPI has fallen 10% since last Friday. Wu Blockchain quoted the data as stating that there was a dramatic increase in the turnover of Upbit on the Korean Exchange by 1,426 per cent, indicating that part of the funds could be redirected from shares to encrypted assets.
In addition to the mainstream currency, the utensils were maintained between $1,770 and $1,790, and the 24-hour trade increased to $8.95 billion. LIT and ENA both rose 5.7 per cent that day, and NEAR and FET went up in small numbers, and the currency moods recovered in June.