Bitcoin fell below $117,000 this morning, reaching a low of $116,811, and has since recovered to $118,019, a decline of 1.63% in the last 24 hours. The drop began around 22:00 on the 18th, starting from near $119,000, and hit a low at 4:30 on the 19th (data from the OKX spot market).
In the past 24 hours, 184,000 people across the network were liquidated, with a total liquidation amount of $814 million, primarily from long positions at $542 million and short positions at $272 million (data from Coinglass).
On the news front, Eric Trump, the son of Donald Trump, called to “buy the dip in BTC”, CZ's bullish indicators emerged, and there are rumors that Trump will open up $9 trillion in 401(k) retirement funds to invest in cryptocurrency.
Altcoins showed mixed results: among the top ten cryptocurrencies like Ethereum, ETH remained steady at $3,500 with a small decline; Dogecoin rose 5.1% in the last 24 hours to $0.2418, while TRON slightly increased to $0.325.
Related reports mention: Bitcoin mining company Bit Origin established a “Dogecoin reserve”, raising $500 million and locking DOGE payments, causing BTOG to surge by 90%; a Bitcoin whale from the “Satoshi Era” that had been dormant for 14 years transferred 80,000 BTC to Galaxy; Bitcoin mining company BTC Digital shifted to Ethereum, liquidating BTC to buy ETH and betting on DeFi yields.
This article was first published by BlockTempo (BlockTempo - the most influential blockchain news media).
