According to foreign media, the encryption market rose rapidly in a short period of time, to US$ 68,310 in bitcoin, US$ 2,000 in the Ether station and US$ 81.994 in Solana. The increase was triggered by an hour ' s emptiness of $122 billion, with a marked increase in market volatility.
In an hour, you'll be able to keep your head down.
According to CoinGlass, in the past 24 hours, a total of 111,060 traders have been forced to settle, in an amount of about US$ 14.60 billion. Of these, the most dramatic fluctuations were concentrated in a single hour, with an empty silo of $122 billion.
In terms of sub-asset, the amount of the Bitcoin-related silos was approximately $678.11 million, the Ethera was about $423.4 million and Solana was about $37.97 million. A large number of empty silos were replaced by passive refills, which further pushed up prices and created a typical run-off.
Jeff Park: I'm weak, stronger than a TT.
Solana Consultant Jeff Park summed this up as "AI down, Bitcoin up." According to him, the gradual weakness of the technology blocks, especially AI-related assets, is driving some of the funds towards encrypted assets, thereby increasing the elasticity of currencies such as bitcoin.
This statement emphasizes the rotational logic of short-term funds, that is, the shift of risk funds from one hot block to another, which is more volatile. According to the article, this switch is more likely to trigger a chain of silos in a highly leveraged environment.
Long-term logic is still divided.
But not all people see AI and Bitcoin as a good relationship. Will Clemente argues that AI and Bitcoin may be mutually reinforcing over a longer period of time. His judgement is that AI ' s infrastructure expansion will push up the policy-level stifling demand for bond market volatility, thus increasing the pressure for devaluation and making bitcoin more attractive.
Tom Lee, Director of Fundstrat Research, also expressed a longer-term view. He agreed with CEO Rod Tenev that the global monetization process was still at an early stage and that the migration of traditional financial assets to the chain could continue to provide structural support to the encrypted market.