Bitcoin BTC continued to fluctuate and fall yesterday (29th), and even fell to $61,787 after 21:00 in the evening; however, buying followed, and it pulled back to $63,000 for consolidation. At the time of writing, it hit $64,544, up 1.98% in the past 24 hours.
Ethereum returned to $3,200
Ethereum's volatility was even more intense. After hitting a low of $3,115 last night, it reached a high of $3,235 in the early morning. At the time of writing, it was reported at $3,239, down 1.32% in the past 24 hours.
CoinMarkeCap data shows that most of the other top ten tokens have also fallen in the past 24 hours due to the sharp decline yesterday. In addition to XRP, which still maintained a 0.52% increase, other tokens including BNB, SOL, DOGE, TON, etc. have fallen by about 1~2%.
140 million USD liquidated across the network, 57,000 people liquidated
Bitcoin fell and then rebounded. According to Coinglass data: In the past 24 hours, the cryptocurrency network liquidated more than 140 million USD, more than 57,000 people were liquidated, and the main explosion was long orders.
BTC inventory on exchanges hit a 6-year low
According to the latest statistics from HODL15Capital on the 29th, the Bitcoin balance on exchanges is currently hitting a 6-year low, and has fallen by 8% so far in 2024.
This downward trend may indicate that market participants are optimistic about future price trends, which may further support the steady rise in Bitcoin prices and bring positive effects to the entire crypto market.
More than 39,000 BTC have flowed out of exchanges in the past month
The latest data from Coinglass also gives a more detailed flow of coins, showing that 39,425.01 BTC have flowed out of exchange wallets in the past 30 days. Although Bitcoin continues to fluctuate between 62,000 and 65,000, the total balance of exchange wallets is 1,732,603.52 BTC before the deadline, which is still at a historical low.
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