280,000 retail investors tragically hunted by capital! Bitcoin suddenly plummets below $77,000; where is the bottom?
As the clock strikes midnight, BTC suddenly enters free fall mode. The price curve plunges like a guillotine, instantly piercing the abyss line at $79,940. Liquidation orders across the network pile up like an avalanche, as a mysterious player suffers a precise liquidation of $32.08 million in the Binance futures market, setting a record for the largest single liquidation of the year.
The current Fear and Greed Index has plummeted to 20 points—this 'death signal' that has only appeared 28 times in the past 365 days is sounding an alarming alarm. Traders' trembling hands hover over the close button, and a doomsday-like suffocation fills the entire market.
On Tuesday (March 11), Bitcoin fell below $77,496, and the short-seller panic sentiment remains strong. Billionaire Elon Musk disclosed that Twitter suffered a massive cyber attack and warned that investing in meme coins is foolish. After U.S. President Trump signed an executive order to establish a national strategic reserve for Bitcoin, many investors began to view Bitcoin as a high-risk asset for the first time.
At the same time, mainstream altcoins such as ETH and XRP are also being slaughtered, with Ethereum currently having dropped to $1,785, the lowest since October 2023.
According to rumors: Trump issued another executive order last week, ordering the U.S. Treasury and Commerce Departments to establish a sovereign wealth fund within the next 12 months, leading the crypto community to speculate that the fund may also be used to establish a Bitcoin strategic reserve. Notable tech investment banker Michael Grimes has been appointed as a senior advisor at the U.S. Department of Commerce and may later manage this fund! If this fund is established, there will be a continuous stream of hype and news, driving market confidence, making it easy for Bitcoin to rise!
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