讀後心得

Due to the plummet of the US stock market, Bitcoin has been continuously declining since the early morning of the 6th, dropping to as low as $77,430 on the 7th, resulting in 280,000 people globally getting liquidated, with a total amount reaching $854 million. Among these, the largest single liquidation occurred at the Bybit exchange, valued at $16.38 million. According to data from Coinglass, the liquidation volume on the Binance platform accounted for 17.37%, totaling $4.647 million, primarily due to investors suffering heavy losses from long positions on Bitcoin.

Due to the severe fluctuations in the US stock market, Bitcoin began to decline continuously from midnight on the 6th Taiwan time. By around 7 AM on the 7th, the price of Bitcoin briefly dropped to $77,430, hitting a low of $77,000. This sudden drop resulted in 280,000 liquidation trades globally within 24 hours, causing total losses of up to $854 million (approximately NT$28.284 billion).

According to the data, in the past 24 hours, due to the plunge of Bitcoin, 280,548 people have faced liquidation globally, with total liquidation amounting to $854 million. Among these, the largest single liquidation occurred on a certain exchange, with the contract value reaching $16.38 million. The data shows that the world’s largest cryptocurrency trading platform ranked third in terms of liquidation numbers, accounting for 17.37% of the total, with a liquidation total of $4.647 million. Another major trading platform had a total liquidation amount of $11.47 million, accounting for 42.87% of the total. Additionally, another exchange's total liquidation amount also reached $4.669 million. It is noteworthy that 91.13% of the liquidations were caused by investors being overly bullish on Bitcoin, which led to the sudden drop and subsequent liquidations.