讀後心得

Due to the dramatic plunge in the US stock market, Bitcoin began to decline continuously from the early morning of the 6th, falling to $77,430 by 7 AM on the 7th. This wave of collapse led to 280,000 people across the globe being liquidated, with a total amount reaching $854 million. According to data from Coinglass, the main liquidations occurred on the Bybit and Gate.io exchanges, with 91.13% of the liquidations resulting from long positions in Bitcoin facing a rapid decline.

Due to the sharp decline in the US stock market, Bitcoin began to plummet in Taiwan time early in the morning on the 6th and by around 7 AM on the 7th, the price of Bitcoin had dropped to $77,430, marking a low point of $77,000. This sudden drop resulted in 280,000 people globally facing liquidation within 24 hours, with a total liquidation amount reaching $854 million, approximately 28.284 billion New Taiwan dollars.

According to data, in the past 24 hours, a total of 280,548 people worldwide faced liquidation due to the extreme volatility of Bitcoin, with a total amount reaching $854 million. Among them, the largest single liquidation event occurred on the Bybit exchange, with a contract value of $16.38 million. The data shows that as a leading global cryptocurrency exchange, Binance ranked third in the number of liquidations, accounting for 17.37%, with a total liquidation amount of $4.647 million. The first place is Bybit, with a liquidation amount of $11.47 million, accounting for 42.87% of the total; the second place is Gate.io, with a liquidation amount of $4.669 million. Of these liquidations, 91.13% were triggered by long positions leading to an instantaneous collapse of Bitcoin.