According to Golden Finance, the latest data shows that within the past hour, the cryptocurrency market has experienced sharp fluctuations, with the total amount of margin calls across the entire network reaching as high as 225 million US dollars. Among them, the amount of long position margin calls was 219 million US dollars, while the amount of short position margin calls was only 6.0948 million US dollars. The situation of long position margin calls dominated.
Looking at specific currencies, the margin call amount for Ethereum (ETH) reached 63.8675 million US dollars, while that for Bitcoin (BTC) was as high as 72.8034 million US dollars. Such a large-scale margin call has drawn high attention from market participants and investors.
In the current complex and volatile global economic situation, the cryptocurrency market is increasingly closely linked to the macroeconomic environment. Previously, US President Trump convened a cabinet meeting. Although the specific topics were not announced at the meeting, against the backdrop of complex domestic and international situations, there are speculations from all walks of life that he might make adjustments to economic policies and other aspects. The recent margin call in the cryptocurrency market may be related to factors such as global economic uncertainties and expectations of potential policy changes. Market analysts point out that it is necessary to closely monitor the trend of the cryptocurrency market and the dynamics of global macroeconomic policies in the future, so as to respond promptly to possible risks and opportunities.
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