Bitcoin fell below 100,000 pins 97,900, ETH once fell below 3,800 US dollars, and more than 180,000 people were liquidated by both long and short positions to liquidate US$630 million.

Bitcoin broke through the $100,000 mark for the first time on the 6th, reaching a high of $104,088. However, this six-digit price did not last even a day, as Bitcoin opened a new downward trend at 11 pm last night, and by 4 am this morning, it had dropped to $97,888, officially returning to the familiar five-digit price range. After the drop, Bitcoin's price began to rebound and recover, closing at $98,943 before the deadline, a 24-hour increase of 1.38%. Ethereum also fell below $3,800 in this latest downturn, but has since rebounded, currently trading at $3,856.24, up 0.41% in the last 24 hours. On the other hand, the market experienced a "double kill" of both long and short positions during this latest decline. According to Coinglass data, the total amount of cryptocurrency liquidations in the past 24 hours reached $631 million, with long positions accounting for $386 million and short positions $244 million, affecting over 181,000 people.