Viewpoint: Inflation Data Intensifies Market Bearish Sentiment, Bitcoin's Key Psychological Support Level at $100,000
BlockBeats News, September 1st, Kronos Research CIO Vincent Liu stated that inflation data has intensified bearish market sentiment, which initially emerged after a series of large-scale Bitcoin whale sell-offs triggered leveraged position liquidations.
Vincent Liu believes: "Bitcoin's key psychological support level is at $100,000, with leveraged positions under pressure, highlighting its fragile liquidity." He also added that Ethereum's key support level is at $4,000. "If these support levels are breached, it could trigger further declines and more widespread liquidity tightening, but a true bear market requires a more sustained decline."
Regarding this week's non-farm payroll data, Vincent Liu stated, "A significant surprise in job growth could trigger sharp market volatility—a strong data could pressure the cryptocurrency as risk appetite wanes, while weaker-than-expected data could boost demand." (The Block)
You may also like
Gainers
Latest Crypto News
dingaling: Will step back and serve as an advisor behind the scenes at boop.fun
Alpha Arena New Season Recap: 8 Top Model Stocks Live Trading Portfolio Temporarily "Wiped Out," Grok 4 Down 56% in Last Place
Mainstream Perp DEX Overview: Hyperliquid Rises to the Top with $9.8 Billion in Trading Volume, Lighter Falls to Second
A whale on HyperLiquid used its capital advantage to squeeze the shorts, causing funding rate distortion and significant price volatility
WLFI announced this morning that it has purchased the Solana ecosystem meme coin SPSC, which saw a price surge of over 130% in a single day.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com