More than 100,000 people liquidated their positions to US$260 million! The crypto community meets to speculate in coins together in the next life

This site (120btC.coM): Keep falling! At around 18:00 yesterday (3rd) evening, the price of Bitcoin (BTC) fell sharply to US$59,570. Although it later rose to above US$60,000, It fell again at around 5 a.m. today (4th), with the lowest price at US$59,375. The latest price updated at 10 a.m. this morning showed that the price of Bitcoin further dropped to US$57,800, setting a record low in the past two months.

USD 263 million has been liquidated across the entire network in 24 hours

According to data from Coinglass, as of press time, in the past 24 hours, the amount of liquidation across the entire network has reached US$263 million, with more than 100,000 people 2. Among them, many orders have been liquidated. The position was US$233 million, and the short position was liquidated at US$29.9 million. The largest liquidation order occurred in OKX’s ETH/USD trading pair, with a value of up to US$4 million.

The community is wailing: let’s speculate in coins together in the next life...

Faced with such a violent market situation, the crypto community is wailing. Some people say that the crypto market is about to be "to the tomb (meaning: cemetery)", and many classic jokes about the recent decline are also Resurfaced in the cryptocurrency community: U.S. stocks live in fear of rising every day, A-shares are high-spirited as they fall every day, and laugh at the false bubble of U.S. stocks. But we are different. We have more than a dozen moods every day. Sometimes we are happy like a fool, and sometimes we are so embarrassed that we want to jump off the building one by one. We are still shouting that the big one is coming, the big one is coming, we are alive. I was so tired. I stayed up late every day after speculating in currencies. My body collapsed and my money was gone. What I feel most sorry for now is my family.

Crypto KOL He Bi even posted a joke text on the X platform, "Let's speculate in coins together in the next life."

Will it fall again? Crypto analyst Ali said on the The liquidation amount is relatively small, and Ali believes that Bitcoin’s decline may not be over yet. Cryptocurrency investors are reminded that for the sake of physical and mental health, exchanges may need to be closed for a while!

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