Bitcoin fluctuated sharply this morning, reaching a low of $52,430 earlier. Ethereum was even worse, hitting $2,084 at one point. Although it has rebounded to above $2,300, it has almost given up all of its gains this year.

Bitcoin was slaughtered this morning, falling to $52,430 at one point, hitting its lowest point in nearly six months, with a single-day drop of more than 10%. Ethereum was even worse, hitting $2,084 earlier (this year's lowest point was 1/3 of $2,051), with a single-day drop of more than 22%, nearly halving its historical high of $4,092.

At the time of writing, ETH has quickly pulled back to around $2,350, with a very violent up and down fluctuation of nearly 30% within an hour.

The entire network has a liquidation of US$760 million in the past 24 hours

According to Coinglass data, the total amount of cryptocurrency liquidations in the past 24 hours exceeded $760 million, with Ethereum's liquidation ranking first at $270 million and Bitcoin's liquidation ranking second at $230 million. A total of more than 200,000 people were liquidated.