After reaching a high of $69,546 yesterday morning, "selling pressure began to emerge". Late last night, it briefly fell below $67,000, and around 8:30 AM, it quickly approached the $66,500 level, breaking through the low point of October 17th, which likely forced many investors out of the market.

Before the deadline, it pulled back to $67,296, down 2.46% in the past 24 hours. Currently, Bitcoin's upward trend seems to show signs of interruption; whether this is just a temporary correction or if the main force wants to take advantage of high market sentiment to drop first and then pull back closer to the U.S. election remains to be observed over time.

Ethereum is weaker, after reaching a high of $2,769 yesterday, it has continued to oscillate downwards, currently returning to the consolidation area around $2,640.

Over the past 24 hours, total liquidations amounted to $204 million.

In the downturn of Bitcoin, according to Coinglass data, over the past 24 hours, the total liquidation amount in the cryptocurrency market exceeded $204 million, with nearly 63,000 people being liquidated.

Although the liquidation data has increased compared to yesterday, it is not considered too serious based on historical data, and further volatility is expected to amplify.

On the other hand, although Bitcoin's open contracts on exchanges have retreated from a new high of $40 billion, they are still at a relatively high point, and the market may experience more severe fluctuations at any time.

JMDS10

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