[Bitcoin fell below the key level of $62,000, and more than 240,000 people liquidated their positions. Micro-strategy reversely accumulates 9245 Bitcoins! Others are fearful but I am greedy! 】
Bitcoin suffered another flash crash!
From the evening of March 19th to the morning of March 20th, Beijing time, the price of Bitcoin once fell below the integer mark of US$62,000, with the largest intraday drop exceeding 8%.
Bitcoin hit a record high of $73,881 last week, and then fell in shock. In less than a week, the maximum drop exceeded 16%.
Ethereum fell 8.2% in 24 hours, and Dogecoin fell 11.2% in 24 hours.
CoinGlass data shows that in the past 24 hours, more than 246,200 people liquidated their positions in the virtual currency market, with a total liquidation amount of US$664 million (approximately 4.78 billion yuan).
Bitcoin spot ETFs experienced large net outflows of funds.
According to China Securities Journal, according to SoSoValue data, on March 18, Eastern Time, the total net outflow of Bitcoin spot ETFs reached US$154 million, which was the first single-day net outflow in the last 11 trading days.
Among them, the Grayscale ETF GBTC had a single-day net outflow of US$642 million, setting a record high single-day net outflow since GBTC’s first trading day. The Bitcoin spot ETF with the largest single-day net inflow on March 18 was BlackRock ETF IBIT, with a single-day net inflow of US$451 million.
Markus Thielen, founder of 10x Research, a virtual currency investment research institution, said that it is expected that the inflow of U.S. spot Bitcoin ETF funds will slow down in the future. The current price of Bitcoin continues to fall. If the ETF fund inflow is disappointing, the price of Bitcoin Adjustments are likely to continue.
However, according to the latest information collected by New Strategy, US software giant MicroStrategy purchased approximately 9,245 Bitcoins between March 11 and March 18. MicroStrategy founder Michael Saylor posted that the company used the proceeds and cash from the convertible notes to purchase an additional 9,245 Bitcoins, for approximately $62.30 billion, with an average price of approximately $67,382 per Bitcoin. As of March 18, 2024, MicroStrategy held 214,246 Bitcoins, purchased at an average price of $35,160 per Bitcoin, for a total of approximately $753 million.
