Market Insights WLFI hasn't shown any signs of draining liquidity yet, but Bitcoin hasn't risen either. This morning, after Bitcoin slightly dipped below a new low, it experienced a minor rebound, while Ethereum's rebound was quite strong. I took a long position on Bitcoin and ended up losing one trade, but thanks to Ethereum's rebound, I still made a profit by the end of the day. After taking profits at the relatively high level of 4480, I kept the remaining position at breakeven. In the evening, both Bitcoin and Ethereum saw some pullbacks, with Ethereum dropping back to the 4360 range. Many people predicted that WLFI would drain liquidity from the market, but this hasn't happened yet. On one hand, WLFI had pre-market contracts available before the opening, allowing for relatively sufficient speculation; on the other hand, the current market funds are still relatively cautious compared to when TRUMP launched its token, so there hasn't been a frenzied participation in trading...
Show original55.49K
34
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.