#数字资产市场动态 January 20th, the crypto market plunges into a cold wave, with bearish forces taking full control.
In terms of price performance, Bitcoin failed to hold the 91,000 level, sliding down to a low of 90,636, with hardly any decent rebound opportunities during the period. Ethereum's performance was even weaker, with the 3,100 support level unable to hold, dropping as low as 3,083. The synchronized movement was more fierce than many traders expected.
What is the driving force behind this? On one hand, market volume has significantly increased, with longs concentrated in liquidation and for