Bitcoin fell below the 100,000 magnesium mark this morning, and the entire network liquidated more than 1 billion US dollars!

01-20

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As the inauguration day of Trump approaches, the cryptocurrency market experienced significant volatility today. Trading data shows that Bitcoin started to decline from 5 AM Taiwan time, once dropping below $100,000, and most Altcoins also saw considerable corrections.

According to CoinGlass data, in the past 24 hours, a total of 400,340 people were liquidated globally, with the total liquidation amount reaching $1.17 billion.

Currently, the market's attention and hot money have almost all gone to meme coins such as TRUMP, ELON, and MELANIA. Especially, the tracks that performed relatively well last week, such as AI Agents, AI infrastructure, and DeFAI, have seen severe pullbacks in the past few days, which basically shows that the group hyping the AI track is the same as the one for meme coins, resulting in this vampiric situation.

BTC

5.07%

Sector:

Halving Tokens

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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