Crypto老郑
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The 20% One-Day Plunge in Bitcoin: An Overlooked Global Economic Underworld is Unfolding
When Bitcoin suddenly fell below $80,000 during the early Asian trading session, alarms went off on traders' phones worldwide. This asset, known as 'digital gold,' evaporated over $200 billion in market value within 24 hours, causing bloodshed throughout the entire cryptocurrency market. However, behind this crash lies far more dangerous global economic signals than what appears on the surface.
I. A Frightening 24 Hours: The 'Crimson Dawn' of Cryptocurrency
At 3:17 AM Beijing time, Bitcoin's price fell below the psychological barrier of $80,000, triggering a chain reaction of liquidations across global exchanges. According to CoinGecko, the intraday low of $79,801 created the largest single-day drop in nearly three months, with over 620,000 investors forcibly liquidated while they slept. Mainstream coins like Ethereum and SOL also fell in tandem, with $727 million in liquidations in the derivatives market, 86% of which were bullish positions.
I. A Frightening 24 Hours: The 'Crimson Dawn' of Cryptocurrency
At 3:17 AM Beijing time, Bitcoin's price fell below the psychological barrier of $80,000, triggering a chain reaction of liquidations across global exchanges. According to CoinGecko, the intraday low of $79,801 created the largest single-day drop in nearly three months, with over 620,000 investors forcibly liquidated while they slept. Mainstream coins like Ethereum and SOL also fell in tandem, with $727 million in liquidations in the derivatives market, 86% of which were bullish positions.
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