讀後心得

Bitcoin has been continuously declining since the early hours of the 6th due to the plummeting U.S. stock market, falling to as low as $77,430 on the 7th. This wave of crash has resulted in 280,000 people globally getting liquidated, with total losses amounting to $854 million. Among them, the largest liquidation on the Bybit exchange was $16.38 million, while Binance ranked third with $4.647 million. The main reason for these liquidations was the longs facing a sudden drop in Bitcoin.

Due to the sharp decline in the US stock market, Bitcoin, which had been continuously fluctuating for several days, began to plummet around midnight on the 6th Taiwan time. By around 7 AM on the 7th, the price of Bitcoin had briefly touched $77,430. This sudden drop led to 280,000 people facing liquidation globally within 24 hours, with a total liquidation amount reaching $854 million (approximately NT$28.284 billion).

According to the data, in the past 24 hours, due to the crash of Bitcoin, a total of 280,548 people faced liquidation globally, with the total liquidation amount reaching $854 million. The largest single liquidation occurred on the Bybit exchange, with a contract value of $16.38 million. From the data, it is evident that in all exchanges, the leading cryptocurrency exchange Binance had the third-largest number of liquidations, accounting for 17.37% of the total, with a total liquidation amount of $4.647 million. The first place is taken by the Bybit exchange, with a total liquidation amount of $11.47 million, accounting for 42.87%; the second place is the Gate.io exchange, with a total liquidation amount of $4.669 million.

Among them, 91.13% of the liquidations were caused by long traders facing the sudden plunge of Bitcoin.