Mr&强 Analyzes the Impact of Binance Incident on BTC Price Fluctuations

According to Twitter user Mr&强, recent market fluctuations have been mainly influenced by the earnings reports of Intel and Amazon. Intel's stock plummeted 23% after hours due to Q4 guidance falling short of expectations, with projected revenue between $15 billion and $16 billion, while the market expected around $17 billion. Amazon's stock also dropped over 10% after hours, despite Q3 profits and operating profit margins hitting record highs, as revenue and EPS did not meet expectations. The cryptocurrency market has been affected by the performance of major tech stocks in the U.S., with a weakening Nasdaq futures leading to a simultaneous reduction in exposure for high-volatility assets like Bitcoin and Ethereum. Additionally, rumors of significant wallet movements associated with Binance have heightened market panic, resulting in long liquidations reaching $356 million within 24 hours. According to the image, the latest price of BTC is $78,740, with a marked price of $78,739.7 and a 24-hour low of $76,519.

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