Bitcoin "plumbed 6,000 US dollars overnight" and nearly lost 93,000 US dollars. Ethereum rebounded quickly and funds flowed into Altcoin.

Bitcoin approached $99,000 on the evening of the 25th, but has since continued to decline, reaching a low of $92,601 around 6 a.m. this morning (26th), a one-night plunge of $6,000, which is the most significant drop in about three months. Prior to the deadline, there was a rebound, and it is currently temporarily reported at $94,106, a decrease of 3.22% in the last 24 hours. As for Ethereum, despite the large fluctuations, the overall rebound strength is stronger, and it even broke through $3,500 last night. Prior to the deadline, it is temporarily reported at $3,446, an increase of 3.64% in the last 24 hours; other recent strong Altcoins also show signs of resistance to the decline. Wintermute analyst earlier stated that funds are shifting from BTC to ETH. The open interest of Ethereum contracts surged over the weekend, and the implied volatility also rose, with a clear increase in the demand for call options, indicating that the confidence of derivatives traders is constantly increasing. In the past 24 hours, the total network liquidation amount reached $529 million, with long positions accounting for $386 million and short positions accounting for $142 million, with over 162,000 people being liquidated.