[Lunch Briefing] Bitcoin Falls to $95,000… $1.5 Billion Liquidated

Major virtual assets are in a downward trend.

At 1 PM on the 10th on Bithumb, Bitcoin (BTC) fell 1.92% from the previous day to 13,802,100 won. Ethereum (ETH) fell 5.12% to 5,248,000 won, XRP fell 11.68% to 3,056 won, Solana (SOL) fell 5.42% to 307,100 won, and Binance Coin (BNB) fell 5.16% to 975,000 won.



The international market is also in a downward trend.

At the same time, on CoinMarketCap, BTC fell 2.16% from the previous day to $96,935.91. ETH fell 6.43% to $3,678.70, XRP fell 12.91% to $2.15, SOL fell 7.01% to $215.58, and BNB fell 4.95% to $685.54.

The total market capitalization of virtual assets decreased by 5.77% from the previous day to about $3.43 trillion (about 489.67 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, remained at 78 points, the same as the previous day, in the 'Extreme Greed' state.

$1.5 billion (about 2.14 trillion won) in funds were liquidated in the virtual asset market.

According to The Block on the 9th (local time), as the BTC price fell to around $95,000, $1.51 billion in funds were liquidated in a single day. This is the largest liquidation since 2021. $1.38 billion in short positions and $136.7 million in long positions were liquidated. The liquidation amounts for BTC and ETH were $163.4 million and $244.7 million, respectively.

BTC price fell to $94,900 on this day, but then rebounded to $97,400. BTC, which broke through $90,000 after former US President Donald Trump's election victory last month, recorded an all-time high of $103,679 on the 4th.

Hae-yeon Kang, Reporter

haeyeon41@rni.kr