The price of BTC today briefly dropped over 1%, currently fluctuating around 83,000, a significant pullback from the previous day's high of 104,000. The liquidation amount in the last 24 hours exceeded 150 million USD.

ETH fell nearly 5%, breaking below the 2,500 USD support level, with short-term technical indicators suggesting a possible further drop near 2,300 USD. SOL, XRP, and Dogecoin dropped by 3%, 4%, and 6%, respectively, as market sentiment turned to panic.

Expansion of liquidation scale: Over 70,000 people liquidated in the cryptocurrency market within 24 hours, primarily concentrated in leveraged long positions, with the extreme volatility of ETH and Dogecoin being the main causes.

Recent frequent kidnapping cases targeting cryptocurrency billionaires in France (such as the kidnapping of the Ledger founder) have raised market concerns about industry security, exacerbating short-term selling sentiment.

Positive policy: The U.S. White House expands Bitcoin strategic reserves (allocating 5 billion USD to increase BTC holdings), helping BTC previously break through 100,000 USD, but today it has pulled back due to profit-taking.

Uncertainty in Trump's policies: Although Trump has recently signaled tariff agreements and crypto-friendly policies, the expectations for interest rate cuts by the Federal Reserve remain unclear, and the market is concerned about the continuation of tight policies under high inflation.