The cryptocurrency market collectively "plunges", over 190,000 people are liquidated. China Fund Reporter Li Zhi reports that the cryptocurrency market has collectively declined! On December 16th, Bitcoin briefly fell below $86,000, nearing its yearly low.

Ethereum briefly fell below $2,900 per coin, currently down over 7%. In the long term, analysts remain optimistic about Bitcoin's prospects, believing it may be in the early stages of a new super cycle. However, in the short term, losing key technical levels may trigger a larger correction, so close attention needs to be paid to the performance of key support levels.