Lao Sun revealed that he had suffered huge losses from holding coins, Sol fell below the key support, and the whales faced a 12 billion liquidation risk. Within 24 hours, a wave of liquidations surged, 150,000 people suffered, the total amount was as high as 4 billion, and a single liquidation was 70 million. The short side is strong, accounting for up to 86%. The total market value of digital currencies fell below the 2 trillion mark, and more than 3.5 trillion yuan evaporated within three days. On Monday, the second largest bank in the dwarf country plummeted by 20%, bankruptcy concerns spread, and the stock market was under pressure. Risk aversion is high, funds are pouring into Hong Kong, pushing up the exchange rate of the renminbi and the Hong Kong dollar, and Bitcoin is in a liquidity dilemma and encountering an unprecedented sell-off.
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