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The past few days in the encrypted currency market have not been enjoyable at all. The total liquidation operations through the financial leverage centers are close to one billion dollars, leaving the speculators to climb the lion's share of losses.
BitcoinNormally in the center of attention, its price decreased to the below the critical level of $ 100,000, amid defects in the processing of permanent futures, which amounted to an amazing percentage of 1700 %, in favor of the long positions. It was not beautiful.
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What led to sales?
The answer appears to be behind the area of the cryptocurrency itself. Deepseek, the Chinese competitor to Chatgpt, is released, news headlines in the artificial intelligence industry. This new automated chat program, which is said to be the cheapest 20 times in operation, has caused a double impact on the stock market, which has erased $ 500 billion of NVIDIA's evaluation in one day.
The broader markets, including the Nasdak Index, received a heavy blow, and the morale caused by this collapse EncryptionWhich exacerbates sales.
Then Jim Kramer came
The famous CNBC personality harmonized with a dark analysis One of the tremendous losses incurred by Nafidia is to predict the possible effects on the broader market. However, as enthusiasts expect encrypted currencies often, Kremir's suspension coincided with an unexpected transformation of events. His downside orientation, known as the so -called "inverted Karmer influence", referred to a local bottom for Bitcoin.
In the following hours, Bitcoin currency has made an impressive return, as it increased to more than $ 100,000. This sharp recovery was not only symbolic; This sparked a flood of exposed liquidation, as the declining traders saw the erasure of their positions in increasing the liquidation by 31 %.
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The market is still fragile, as traders monitor the price of the price Bitcoin About the main levels. Until the time of writing this report, it seems that the daily closure above $ 101,300 will give the market a sign that this was not just a tremor, and buyers still have some strength.
Otherwise, the disorder may continue, while waiting for more pain for both speculators on height and speculators to decrease.
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