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- Hey Square fam! How many Alpha points have you racked up lately?
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Dare to trade. Dare to win.
BTC fell below $112,000 triggering $1 billion in long positions liquidation QCP: the foundation of the bull run is still there
[Coin World] QCP Capital stated in its latest report that Bitcoin fell sharply again last Friday, briefly dropping below $112,000, triggering over $1 billion in leveraged long positions liquidations. The reasons behind this include weak U.S. non-farm payroll data and risk aversion sentiment triggered by a new round of tariffs. SOL and ETH fell nearly 20% and 10% respectively over the week, and there were also large outflows from ETFs. Nevertheless, this round of adjustment is a leverage washout, and the structural bull run foundation remains intact, while the options market also shows market bets on BTC rebounding to $124,000.