Bitcoin breaks $95,000, over 110,000 people liquidated in 24 hours

- Price Dynamics: Bitcoin broke the $95,000 mark this morning, reaching a high of $95,000, with the current quote around $94,835-$94,861, a 24-hour increase of 1.44%. Mainstream cryptocurrencies such as Ethereum, Ripple (XRP), and Dogecoin have also risen simultaneously.

Liquidation Data: Due to severe volatility, over 110,000 people have been forcibly liquidated in the cryptocurrency market in the past 24 hours, with a total liquidation amount of $275 million (approximately 2 billion RMB), including $170 million in long position liquidations and $110 million in short position liquidations.

Leverage Risk: The current average leverage ratio for Bitcoin futures contracts exceeds 20 times, and price fluctuations exceeding 5% may trigger large-scale liquidations. Experts warn that high leverage and high volatility are the main risks in the market.