$BTC

In the past two days (January 8 and January 9, 2025), Bitcoin has experienced significant fluctuations, as shown below:

1. **Significant Price Drop**: On January 8, the price of Bitcoin once fell below US$97,000, and on January 9 it fell below US$92,000, reaching a minimum of US$91,055. This sharp decline triggered widespread market concern and investor panic.

2. **Changes in market sentiment**: The decline of Bitcoin has led to the decline of the entire cryptocurrency market. Other mainstream cryptocurrencies such as Ethereum and Dogecoin have also fallen, showing the overall pessimism of market sentiment.

3. **Liquidation Phenomenon**: According to Coinglass data, there has been a large-scale liquidation phenomenon in the cryptocurrency market in the past 24 hours. A total of nearly 122,000 investors had their positions liquidated due to price fluctuations, with the total liquidation amount reaching US$336 million.

4. **Price rebound**: After experiencing a sharp decline, the price of Bitcoin rebounded on January 10 and is currently at $94,474, up 1.19% in 24 hours.