According to Coinglass, in the past 24 hours, the total number of liquidations in the cryptocurrency market has exceeded 420,000, with a total liquidation amount reaching 1.4 billion USD, of which over 80% were long position liquidations. Analysts point out that the significant drop in Bitcoin is related to profit-taking by investors and the decline in expectations for interest rate cuts by the Federal Reserve, along with Powell's latest remarks regarding Bitcoin. Powell recently stated that the Federal Reserve does not allow holding any Bitcoin and will not participate in government reserves of Bitcoin. (Brokerage China)
加密货币市场大跳水！超42万人爆仓
The cryptocurrency market has plummeted! Over 420,000 people have been liquidated.
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