Around 0:30 AM Taiwan time on February 13th, the cryptocurrency market once again encountered severe selling pressure. Latest market data shows that Bitcoin, from its relative high of $68,390 on the evening of February 12th, has fallen all the way down, breaking through $66,000 and erasing the previous day's gains, declining 1.7% in the past 24 hours.
Ethereum also suffered a severe blow, falling below the $1,900 mark in this downturn, with a nearly 2% drop in the last 24 hours.
Nearly $111 million was liquidated across the entire network in just 4 hours.
According to Coinglass data, the market experienced another $111 million in liquidations over the past four hours due to this decline. Of this, over $97 million in long positions were liquidated, while approximately $13 million in short positions were liquidated.
