Analysis: It is recommended to continue to watch multi-bitcoin and hedge risks through altcoin perpetual contracts."
On May 9, according to Matrixport's latest report, the price of Bitcoin once again exceeded US$100,000, rising 16% since hitting the key level of US$85,450 on April 11. The report pointed out that after Bitcoin broke through its 21-week moving average (US$87,199) and Fibonacci resistance (US$87,045), coupled with accelerating ETF inflows, it formed a strong rising signal. Currently, Bitcoin's market value share has risen to 64.5%, the highest since the DeFi boom in 2021, demonstrating the market's "risk aversion" tendency. In contrast, altcoins continue to perform poorly, with social media attention falling by more than 40% since December last year. The report recommends continuing to watch multi-bitcoin and hedging risks through altcoin perpetual contracts.
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