Market capitalization: According to BlockBeats, on December 10, the total market capitalization of cryptocurrencies fell below $3.7 trillion, currently at $3.657 trillion, and has dropped 5.7% in the past 24 hours.
Liquidation situation: Also on December 10, Coinglass data shows that in the past 24 hours, 572,395 people across the network were liquidated, far exceeding the approximately 100,000 people liquidated on March 12, 2020 (when Bitcoin plummeted 50% that day).
For this, one word, absolutely......
