Bitcoin Crash Night: Dropped Below 99,000, 2 Billion Liquidation Bloodbath in the Market!

In the early hours, the crypto market faced another bloodbath! Bitcoin plummeted, failing to hold the psychological barrier of 100,000 dollars, crashing directly through 99,000 dollars, hitting a new low in nearly six months—worse than the low during the massive crash on October 11 last year. Ethereum fared even worse, dropping to a low of 3,000 dollars, with bulls suffering heavy losses.

24-hour 2 billion dollars liquidation! 1.6 billion bulls buried

This crash was ruthless: the total liquidation amount across the network soared to 2 billion dollars, of which 1.63 billion belonged to stubborn bulls, and bears were not spared either, with 400 million dollars evaporating in an instant. Bitcoin ETF saw a net outflow of 578 million dollars yesterday, while Ethereum ETF experienced another outflow of 219 million dollars, with giants like BlackRock, Fidelity, and Grayscale continuously selling off, leading to five consecutive days of frantic capital flight.

Market sentiment has plunged to freezing point

From institutions to retail investors, panic selling has become a chain reaction. Some are bottom-fishing, some are cutting losses, but no one dares to assert where the bottom is. Is this crash a short-term adjustment or a trend reversal? The answer may lie in these few days—but at this moment, don’t be anxious; as long as you’re alive, you’re already a winner! In the next piece, we will discuss several cryptocurrencies that have seen six consecutive days of net inflows and may become the pioneers of a rebound! #加密市场回调 $BTC $ETH $SOL