讀後心得

Bitcoin has continued to decline since the early morning of the 6th due to the steep drop in the US stock market, and on the 7th, it briefly fell to $77,430. Over 280,000 people globally faced liquidation, with total losses amounting to $854 million. According to data from CoinGlass, the largest single liquidation occurred on the Bybit exchange, valued at $16.38 million. Most of the liquidations (91.13%) were due to the sharp declines faced by long position holders.

Due to the crash in the US stock market, Bitcoin began a continuous plunge starting from midnight on the 6th Taiwan time. By around 7 AM on the 7th, the price of Bitcoin had fallen to as low as $77,430. This sudden price drop resulted in 280,000 individuals globally encountering liquidation 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, 280,548 people globally faced liquidation due to the sharp decline of Bitcoin, and related cryptocurrencies also plummeted, amounting to a total liquidation of $854 million. Among these, the largest single liquidation occurred at the Bybit exchange, with a contract value of $16.38 million. Data shows that Binance, the leading cryptocurrency exchange globally, ranked only third in terms of liquidation count on its website, accounting for 17.37%, with a total liquidation amount of $4.647 million. The total liquidation amount at Bybit was $11.47 million, accounting for 42.87% of the total, while the total at Gate.io was $4.669 million. It is noteworthy that 91.13% of the liquidation was due to long investors encountering the sudden plunge of Bitcoin.