Data shows: Bitcoin has experienced a sharp retracement, and mainstream currency has a chance

According to ChaiNext data, Beijing time on August 11th at 8:00, the ChaiNext 100 index reflecting the overall trend of the cryptocurrency market reported 989.73 points, down 4.05% in the past 24 hours, turnover of 35.191 billion US dollars, the transaction decreased by 1.10% compared with the previous 24 hours, 41 of the index constituents rose and 59 fell; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, reported 872.50 points, down 4.70% in the past 24 hours, with a turnover of 30.189 billion US dollars, and the turnover decreased by 1.25% compared with the previous 24 hours; The Bitcoin Bubble Index (BBI Index) was at 88.94 points, down 1.30% in the past 24 hours; the USDT OTC Index was 98.67 points, up 0.32% in the past 24 hours. Bitcoin has a large retracement, and other mainstream currencies have risen in bitcoin prices, which is the first time in a few months in the bitcoin bull market.