Crypto Daily
#我在Gate广场过新年 02.11 (: Bitcoin Oversold Signal Emerges, Arizona Passes Bitcoin Reserve Bill, Bit Mistakenly Sends 620,000 BTC
1. Bitcoin Market Trends and Price Analysis
1. The "Mayer Multiple" indicator for Bitcoin has dropped to 0.65, below the oversold level of 0.8, and may further decline to the $40,000 range. After reaching historically extreme lows, it could continue to fall.
2. In the past 24 hours, the entire network experienced liquidations of $262 million, with Bitcoin long and short positions liquidated at $45.53 million and $50.33 million respectively. Ethereum long an