At 5:00 AM(UTC+8) , the market experienced a rapid decline. According to OKX, Bitcoin (BTC) fell to $94,000, Ethereum (ETH) dropped to $3,465, and Solana (SOL) declined to $200. Some altcoins saw intraday losses exceeding 30%. Coinglass data shows that the total liquidation amount across the network in the past 24 hours reached $1.71 billion, with $1.55 billion in long liquidations. A total of 567,905 traders were liquidated globally.