$BTC Bitcoin is bleeding, virtual currencies are in mourning, who is "double killing"?
The prices of virtual currencies such as Bitcoin have plummeted, the total market value has shrunk significantly, and a large number of investors have been liquidated. The instability of the virtual currency market may trigger broader market risks. Virtual currency market plummets: The prices of virtual currencies such as Bitcoin have fallen sharply, and the decline of multiple currencies has exceeded 10%, and the total market value has shrunk. Investors have been liquidated: A total of 258,000 people have been liquidated in the virtual currency market, with a total liquidation amount of US$966 million. Market risk warning: Wall Street's "fear index" VIX index has risen to a high level, and analysts warn that the market underestimates geopolitical risks.
Recently, Bitcoin, once known as "digital gold", has suffered a large-scale sell-off, and the price has experienced multiple "dives", causing a large number of holders' assets to shrink significantly.
Not only Bitcoin, other currencies in the virtual currency market have "plummeted". Ethereum fell more than 8.5% in 24 hours, and Dogecoin fell 13.72% in 24 hours. According to CoinGecko data, the total market value of virtual currencies is $2.4 trillion, with a 24-hour drop of 5.8%. During this period, a total of 258,000 people in the virtual currency market were liquidated, with a total amount of $966 million (about RMB 6.99 billion), of which $787 million were liquidated for long orders and $179 million for short orders.
This week, Bitcoin has staged flash crashes many times. For example, on April 13, the price of Bitcoin once fell by more than $2,000, from $67,100 per coin to below $65,000 per coin. On April 14, it dropped to a minimum of $59,968 per coin, a drop of 7%, which was jaw-dropping. This move caused many leveraged investors to be liquidated, which further exacerbated the market's selling pressure and price declines.
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