Bitcoin staged a massacre this morning, once falling to $52,430, hitting its lowest level in the past six months and the largest single-day drop of more than 10%. Ethereum is even more miserable. It hit $2,084 earlier (the lowest point this year was 1/3 of $2,051), with the largest single-day drop of more than 22%, nearly halved from the historical high of 4,092.
At the moment of writing, ETH quickly pulled back to around the $2,350 level, with a very sharp fluctuation of nearly 30% within an hour.
The entire network was liquidated to US$760 million in the past 24 hours
With such violent fluctuations, according to Coinglass data , in the past 24 hours, the amount of cryptocurrency liquidation across the entire network exceeded US$760 million, with Ethereum ranking first at US$270 million, followed by Bitcoin at US$230 million. A total of more than 200,000 people were liquidated.
