The US stock market plummeted, affecting cryptocurrencies. Bitcoin dropped to $77,000, and global liquidations reached $854 million.
- byVic

讀後心得
The sharp decline in the U.S. stock market has led to a significant drop in Bitcoin prices. Starting from midnight Taiwan time on the 6th, Bitcoin briefly fell to $77,430. Within 24 hours, 280,000 people faced liquidation, with a total amount reaching $854 million. According to data, Bybit exchange recorded the highest liquidation amount, reaching $16.38 million, while Binance exchange ranked third with a liquidation amount of $4.647 million. 91.13% of liquidations were due to long positions facing a sudden drop in Bitcoin.
Due to the sharp decline in the US stock market, the price of Bitcoin has continued to fluctuate in recent days, starting to drop continuously from midnight on the 6th Taiwan time. By around 7 AM on the 7th, the price of Bitcoin actually reached $77,430, instantly dipping below the $77,000 mark. This sudden plunge resulted in 280,000 people globally facing liquidation within 24 hours, with a total liquidation amount reaching $854 million (approximately NT$28.284 billion).
According to data, in the past 24 hours, the cryptocurrency market affected by the Bitcoin crash has seen 280,548 people facing liquidation, with a total amount reaching $854 million. The largest single liquidation occurred on the Bybit exchange, with a contract value of $16.38 million. Statistics show that among the major trading platforms, Binance, the world's largest cryptocurrency exchange, ranks third in liquidation amounts, accounting for 17.37%, with a total liquidation amount of $4.647 million. The first is Bybit, with a total liquidation amount of $11.47 million, accounting for 42.87%; the second is Gate.io, reaching $4.669 million. According to analysis, 91.13% of the liquidations were due to long positions facing the sudden drop in Bitcoin.