Specifically, from the high point of 19 165438 to1October 27th, bitcoin once fell to164 10, and the price plummeted by more than 14% in one day, the biggest drop since August. As of the latest press release time of1October 29th 165438+ 17, the price of bitcoin has risen again. The latest quotation 18 128 USD, up 6.29%, and the price is still fluctuating.
With the price of bitcoin plummeting, some users involved in contract transactions, except ordinary currency holders, suffered heavy losses. According to many media reports, in the near 1 October 26th/hour, traders who borrowed money to buy bitcoin broke their positions by 367 million dollars (about 24 1 10,000 yuan). In the past 24 hours, more than 77,000 people became victims of short positions, and the amount of short positions reached 8 1 10,000 dollars.
Up to now, today's Beijing business reporter noticed that the explosion is still going on. As of 5: 00 p.m. on October 29th, 13474 people still broke positions in the past 24 hours, with a total amount of about 1.4 1 billion dollars (about 933 million yuan). A few days ago, I changed my mentality of "profiteering". At present, many investors in the currency circle have been "lost".
The contract transaction referred to in the currency circle, also known as futures trading, is a mode of forward trading of traded goods. Compared with spot trading, futures trading has two characteristics: first, it can be long or short, and it can be profitable in both directions; Second, you can add leverage and do small and wide. At present, most exchanges in the market have launched the contract trading function.
In the eyes of the industry, the surge of Bitcoin in the past seven days was mainly due to the continuous buying of a large number of institutions, which drove the enthusiasm of the market to be bullish. The reappearance of the two-day plunge is also related to this factor.
As Liu Feng, director of the Blockchain Technology and Application Research Center of university of international business and economics Institute of Artificial Intelligence and Change Management, pointed out, Bitcoin has fallen in the past two days. On the one hand, it has continued to rise for some time, and there is no reasonable shock to release short-term risks; On the other hand, when the price of Bitcoin is near the highest point in history, there is no shortage of institutional selling, which leads to a one-day plunge in prices, which also aggravates the concerns of market selling.
"This also shows that the speculative nature of the virtual token trading market is still very strong and fluctuates greatly." Liu Feng warned.
In fact, judging from the performance in the past seven days, the price performance of Bitcoin is extremely unstable. The sharp fluctuation of price intensifies the risk, especially the users who use leverage are more likely to lose their money because of the drastic changes in the market. Therefore, we should keep rational investment and pay attention to property safety.
Liu Feng further indicated that the market rebounded again after the flash crash of1October 26th 165438+, which was also in line with expectations. On the one hand, it is expected to land, and it will be bad; On the other hand, Phase 0 of Ethereum was successfully completed, and other phases were started in parallel, which stimulated the market to a certain extent and continued to bring the momentum of steady recovery.
It is worth noting that there are also many illegal acts and traps that need to be vigilant when the bitcoin fever continues. As Liu Feng said, although blockchain technology continues to develop, everyone is optimistic about blockchain technology. However, there are also some blockchain technology speculators, even "pseudo-blockchain" technology, who will use the speculative psychology of the public and skillfully use the news of technological innovation to speculate on virtual tokens through the speculation of capital hot money. Therefore, on the one hand, long-term investors should have their own knowledge of technical products and cannot invest blindly; On the other hand, don't believe that after joining the so-called "chat group" and "exchange group", you will be brought into the fraud circle and cause your own property losses.
"In such a market, it is recommended that the regulatory authorities strengthen targeted supervision, which can warn investors and speculate on trading risks to the maximum extent." In addition, Liu Feng said, investors also need to have clear investment awareness and technical threshold knowledge to prevent being cheated and induced, thus causing property losses.