Wu said that according to Binance market data, Bitcoin fell below $59,000 and is currently priced at $58,690, a 24-hour drop of 2.28%. Ethereum briefly fell below $2,300 before rebounding and is currently priced at $2,307, a 24-hour drop of 4.69%. Coinglass data shows that in the past 12 hours, the entire network has had a liquidation of $110 million, and long orders have had a liquidation of $99.18 million.