Bitcoin returns to 58,000 US Dollar

The latest monitoring data shows that the price of Bitcoin has returned to $58,000 in the past 24 hours, although the lowest point was $53,000. In terms of liquidation, statistics from three parties stated that in the past 24 hours, the amount of Bitcoin liquidation amounted to 252 million U.S. dollars, and 45,000 people liquidated their positions.

The so-called liquidation refers to the fact that when the market changes too fast, the margin on the account is not enough to maintain the original contract when the investor has not had time to make a margin call. This kind of margin caused by the forcible liquidation of the position due to insufficient margin” “Return to zero”, commonly known as “empty warehouse.”

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Although Bitcoin is still standing at 58,000 US dollars before the deadline, if the investigation time is extended, the Bitcoin market can still be said to be ups and downs. On April 26, it once fell below 48,000 US dollars.

The agency believes that whether Bitcoin stands firm or picks up, it needs to be observed for some time, and it is not the so-called “opportunity” of the miners. Especially for retail investors, you must be cautious. After all, Bitcoin has not been recognized by the mainstream in a strict sense.

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