Bitcoin has experienced a roller coaster market again.

OK Market shows that around 21:00 last night, BTC broke through 70,000 USDT again after more than a month, and once rose to 70,050 USDT. However, just as the market was speculating whether this would be a sign of BTC setting a new high, BTC suffered a rapid and substantial correction. As of 10:00 today, BTC once fell below 66,000 USDT, temporarily reported at 66,175.1 USDT, a 24-hour drop of 3.51%.

The situation of ETH is slightly different. Perhaps affected by the favorable landing of ETFs and the outflow of Grayscale, ETH's rise before BTC broke through 70,000 USDT was not ideal, but perhaps the market is looking forward to a potential inflow/outflow turning point, and ETH's correction this time is not too obvious. As of 10:00, ETH is temporarily reported at 3299.2 USDT, and it still recorded a slight increase of 0.67% in 24 hours.

The trend of the altcoin market is relatively noteworthy. It has changed the previous practice of "altcoins do not move when BTC rises, and altcoins collapse when BTC falls". During this sharp correction of BTC, altcoins generally did not experience a large correction. The 24-hour decline of most currencies was smaller than that of BTC. Some altcoins such as PEPE, AAVE, and LDO even temporarily recorded positive values.

Although the panic and greed index is still in the "greed" state today, the value has fallen from 74 to 67, and the decline will be obvious.

In the past 24 hours, the entire network has liquidated $197 million, most of which are long orders, amounting to $140 million. In terms of currency types, BTC’s liquidation amounted to 87.1446 million US dollars, and ETH’s liquidation amounted to 51.5846 million US dollars.