Bitcoin briefly broke through the $100,000 mark last night, then began to enter a downward fluctuation. BTC first plummeted from a high of $100,421 to about $98,000 at 11 PM last night, and after several hours of fluctuation, it briefly plunged to $94,150 at 5 AM today, with a maximum decline of 6.25%.
As of now, the price has rebounded to $97,100, with the decline in the last 24 hours narrowing to 2.96%.
Ethereum once approached $3,500
Ethereum also followed this downward trend, briefly plunging to $3,509, and has now rebounded to $3,709, with a decline of 7.4% in the last 24 hours.
Nearly $1.7 billion in liquidations in the last 24 hours
On the other hand, according to Coinglass data, in the past 24 hours, the total liquidation amount in the cryptocurrency market reached $1.71 billion, with long positions liquidating $1.55 billion being the majority, and short positions liquidating $163 million, affecting over 567,000 people.
The $1.7 billion liquidation amount is also the second highest in the history of the cryptocurrency market, second only to September 7, 2021.
