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Today, the cryptocurrency market has once again experienced a 'moment of terror'! Whether you're an old veteran or a new novice, everyone must have been scared out of their wits by the market situation. Let me clarify the core message for everyone: Bitcoin plunged down today, directly breaking through the $88,000 mark. Although it slightly rebounded afterwards, it still dropped nearly 2% over the past 24 hours.
It's not just Bitcoin; other mainstream coins have also been caught in the crossfire: Ethereum dropped more than 1%, SOL fell nearly 3%, and even the once 'king of memes,' Dogecoin, saw a decline of 3.7%. The worst off are those who leveraged their investments in contracts. According to statistics, in the past 24 hours, 115,700 people across the network directly faced 'liquidation.' In simple terms, they've lost all their invested money, with a total loss of $270 million, most of which came from those who thought the price would rise and increased their positions. One of the largest liquidation orders alone lost $4.85 million in Ethereum contracts, an amount that ordinary people wouldn't even dare to imagine.