Cryptocurrencies plunge collectively, over 130,000 traders liquidated

Gelonghui, February 23｜According to China Fund News, Bitcoin experienced a sharp decline today, falling below the $65,000 mark, with a low of $64,232.8 per coin. The overall cryptocurrency market showed a downward trend, with several products dropping more than 5%. Data from Coinglass shows that in the past 24 hours, over 130,000 people in the cryptocurrency market were liquidated, with total liquidation amounts reaching $463 million. Of this, long position liquidations amounted to $430 million, while short position liquidations totaled $30.479 million.