Odaily Planet Daily News The cryptocurrency market suffered a sharp sell-off on Tuesday night, with the price of Bitcoin falling by more than 5%, resulting in a total liquidation of US$526 million within 24 hours. Among them, long position liquidations amounted to US$453 million and short position liquidations were US$73 million. But analysts said that despite the sharp price drops, these are temporary and not a harbinger of a long bear market. In the coming months, Bitcoin is expected to benefit from China's stimulus plan, US employment data, the announcement of FTX's payment to creditors, and the end of the US election season. (decrypt)