After Bitcoin hit a low of $63,450 at 10 o'clock last night, it started a rapid rebound. At the time of writing, Bitcoin is currently trading at $66,438, up 2.85% in the past 24 hours. Perhaps it has something to do with the fact that at the current Bitcoin conference, many institutions, including BlackRock, expressed their optimism about BTC.
Ethereum once fell below $3,100
However, the Ethereum part is still much weaker. It once fell to $3,087 this morning. Although it rebounded to $3,196 at the time of writing, it still fell 1.67% in the past 24 hours.
The reason for the weakness is most likely related to the Ethereum spot ETF. According to Nasen monitoring , 9 Ethereum ETFs had a net outflow of US$220 million yesterday (25th), of which Grayscale’s ETHE had an outflow of over US$300 million, setting the largest sell-off since trading was opened.
Top 10 Token Performance
The other top ten tokens have experienced mixed gains and losses. The largest increase is DOGE, which has increased by 2.69% in the past 24 hours; the largest decrease is TON, which has decreased by 1.66% in the past 24 hours. Compared with yesterday, the fluctuations have eased.
The entire network liquidated US$230 million in the past 24 hours
According to data from Coinglass, in the past 24 hours, the total amount of cryptocurrency liquidation across the entire network was approximately US$230 million, and more than 63,000 people were liquidated (long positions accounted for nearly US$170 million).
