Wu said that according to Binance market data, BTC briefly fell below $63,000 and then rebounded slightly, now reporting $63,065, a 24-hour drop of 2.12%. Coinglass market data showed that the entire network had a liquidation of $13.84 million in the past hour, of which BTC liquidated $8.54 million, with long orders of $12.9 million and short orders of $940,000.