Historic Second Misery! BTC Injects $94,150, ETH Drops Close to $3,500, Over 560,000 People Get Liquidated, $1.7 Billion Lost

BTC plummeted to $94,150 this morning, and Ethereum also fell miserably to $3,509. According to Coinglass data, over 560,000 people got liquidated for over $1.7 billion. (Recap: BTC crashed after breaking $100,000! Multiple indicators warned of a pullback: high leverage, slowing buying pressure...) (Background: Former President of the New York Federal Reserve: It's not good for the US government and people who don't hold BTC to establish BTC reserves) After briefly surpassing the $100,000 mark last night, BTC began to enter a downward trend. The BTC price fell sharply from a high of $100,421 at 11 p.m. to about $98,000 and hit a long wick candle of $94,150 at 5 a.m. today, with a maximum decline of 6.25%. As of now, the price has rebounded to $97,100, a 2.96% decline in the past 24 hours. Ethereum approached $3,500 at one point. In addition, Ethereum also followed this downward trend, with a long wick candle falling to $3,509 and now rebounding to $3,709, a 7.4% decline in the past 24 hours. Nearly $1.7 billion liquidated in the past 24 hours. On the other hand, according to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidated on the network reached $1.08 billion, with $1.55 billion liquidated in long orders and $163 million liquidated in short orders. Over 567,000 people were liquidated. The $1.7 billion liquidated amount is also the second-highest in the history of the cryptocurrency market, second only to September 7, 2021. Related reports: Michael Saylor calls for the US to "dump all gold reserves": the government has the ability to buy 25% of the total BTC supply. What changes will the global situation face if the Syrian Assad regime collapses? Observe the demand for BTC and gold as safe havens. MicroStrategy spends another $2.1 billion to buy 21,550 BTC! Increase the position of BTC for five consecutive weeks. (Historical second plunge! BTC with a long wick candle at $94,150, ETH approaching $3,500, over 560,000 people liquidated for $1.7 billion) This article was originally published on BlockTempo, the most influential blockchain news media in the Dynamic Zone.