Analyst: Cryptocurrency collapses, challenging the hope of a turnaround in the Asian market
News on August 5, the sell-off of cryptocurrencies is accelerating - Bitcoin has just fallen to its lowest point since February, and Ethereum also fell sharply that day. The yen just took off, appreciating more than 1% against the dollar that day. This confirms analyst Mark Cudmore's view that the actions of virtual currencies may mean more sell-offs are yet to come.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: Hyperliquid platform whales currently hold $5.517 billions in positions, with a long-short ratio of 0.93.
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