The cryptocurrency market has seen a significant decline in the past two days, with Bitcoin "jumping down" from its historical high of $108,000, dropping below $100,000 on Thursday and falling below $93,000 on Friday night. Other cryptocurrencies such as Ethereum, BNB, Solana, Dogecoin, and Cardano have also followed suit in the downturn.
This new round of sell-offs in the cryptocurrency market has led to many people being liquidated. According to Coinglass data, over 420,000 people were liquidated across the entire cryptocurrency network in the past 24 hours, with a total liquidation amount reaching $1.4 billion, of which more than 80% were long position liquidations.
At present, after the storm comes the rainbow, and the small bull market for altcoins is here to test the waters…