Data Analysis: Bitcoin failed to hold high

At 8:00 on October 27th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 814.65 points, up 4.41% in the past 24 hours, with a turnover of 82.231 billion US dollars. The transaction increased by 28.56% compared with the previous 24 hours. Of the 43 rises and 57 declines; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, reported 722.90 points, up 4.96% in the past 24 hours, with a turnover of 70.141 billion US dollars, an increase of 30.70% over the previous 24 hours; Bitcoin Bubble Index ( The BBI Index was reported at 86.21 points, up 2.06% in the past 24 hours; the USDT OTC Index was at 99.95 points, down 0.57% in the past 24 hours. Bitcoin hit a high of 10,400 yesterday, but failed to hold the high position, and all the way down to around 9,000 US dollars to stabilize, leading to other mainstream currencies that fell less than the day fell. Because the breakthrough speed is too fast, and the callback is strong, this wave of pull may not completely reverse the current bear market atmosphere. And if the capital speculates on a bitcoin spot, it will immediately exit, and it will have to wait until the opening of other financial markets next week to observe.