🆘Plummeted overnight, is the bull market really going to end? ⁉️
On December 5, Bitcoin broke through the $100,000 mark, and the new encryption wave seemed to surge. However, the market enthusiasm has not yet dissipated, and it suffered a sharp drop on December 20. Bitcoin plummeted from $100,000 to $92,232 in six hours, a drop of 10%. Altcoins (Total 3, excluding Bitcoin and Ethereum) fell by 14%.
XXKK Star Exchange data shows that the amount of liquidation in 24 hours was as high as $1.734 billion, and 580,000 people were liquidated, far exceeding the tragic situation of Bitcoin plummeting 50% and 100,000 people being liquidated on March 12, 2020. Although the price of Bitcoin subsequently rebounded to $97,000, the positions that were liquidated have been wiped out. Is this round of decline an ordinary correction, or has the bull market come to an end?
