The price of Bitcoin (BTC) broke through $71000 earlier on Tuesday, reaching a new high since June, with a recent increase of 7% in the past four days. After more than seven months of sideways volatility, Bitcoin seems poised to once again challenge its historic high of around $73700 set in early March of this year.

According to Coinglass data, as Bitcoin continues to rise, the total amount of contract liquidation across the internet in the past 24 hours has reached $242 million, with nearly 73000 people being liquidated, including short positions worth approximately $174 million. The largest single liquidation occurred in the BTCUDT futures contract on the Binance exchange, with a liquidation value of approximately $18 million.

Bitcoin market capitalization accounts for nearly 60%

Bitcoin launched a new wave of upward momentum on October 11th, with an 18% increase over the past 18 days. However, the rise of Bitcoin has not driven the overall rise of cryptocurrencies. As a comparison, the second largest cryptocurrency by market value, Ethereum (ETH), only rose 9% during the same period, which has led to a continuous increase in Bitcoin dominance (the proportion of Bitcoin market value to the total cryptocurrency market value), reaching 59.75% before the deadline, setting a new high since April 2021.

At the beginning of September, Bitcoin fell to around $53000 during its last washout before this rebound, but since then it has been in a rebound trend. If we calculate from the low point on September 6th, Bitcoin has risen by about 35% in the past month.

Ethereum continues to fluctuate between $2200 and $2800, with a trading price of $2600 as of the deadline. The price ratio of ETH to BTC fell below 0.036 yesterday, reaching a new low in April 2021. The ETH/BTC ratio before the deadline is 0.0367.

According to Coinglass data, the Bitcoin Fear and Greed Index had a value of 72 on Tuesday, placing it in the "greed" zone.

(责任编辑：宏观研究)

• ·Binance Alpha：早期加密资产孵化新平台深度解析
• ·10月31日华润元大量化优选混合A净值增长1.29%，近3个月累计上涨15.64%
• ·比特币见顶信号显现，系统性风险走高
• ·财务费用会出现负数吗？
• ·火币比特币网交易平台
• ·国家要求买的车险有哪些？
• ·增值税免税申报表怎么填写
• ·10月31日富国创新科技混合C净值增长0.31%，近6个月累计上涨7.68%
• ·为什么持续看好Blinks叙事？如何快速在Blinks上找到100倍机会？
• ·10月31日银河君耀混合C净值下跌0.07%，近1个月累计下跌0.11%
• ·处置其他权益工具投资影响营业利润吗
• ·10月31日嘉实鑫和一年持有期混合C净值增长0.09%，今年来累计上涨1.9%
• ·股票账户充值
• ·10月31日大成至诚鑫选混合C净值增长0.10%，近3个月累计上涨3.39%
• ·火币网云币网
• ·10月31日南方医药保健灵活配置混合A净值下跌1.08%，今年来累计下跌8.67%