The number of active BTC addresses hit a new low, indicating a lack of liquidity in the market. Not only BTC, but also US stocks are facing liquidity difficulties. Last night, Berkshire A, with a market value of $900 billion, plummeted 99% during the session. Then the New York Stock Exchange urgently announced that it was a technical problem and pulled back the transaction. Affected by this, several giants plummeted, and the scene was very spectacular.

Wall Street broke out that market makers withdrew funds, leading to this historic crash.

The transaction is generated in the pending order. It stands to reason that the farther away from the current price, the greater the depth. Laolang remembers that in 2014, BTC on B.com was sharply pinned, causing many people to buy 1 USD of BTC.

But this situation is rare after all. In most cases, the price will rise and fall in a narrow range, so the market maker will take out the funds for the top and bottom pending orders, which is equivalent to withdrawing the safety cushion. Either nothing will happen, or once something happens, it will be a big crash.