#币安合约实盘 Midnight Horror: Bitcoin Falls Below 99,000, Entire Network Gets Liquidated 2 Billion USD

The crypto market staged another tragedy in the early morning. Bitcoin fell quite sharply this time, breaking the $100,000 mark and dropping directly below $99,000, which is even lower than the low point of last year's October 11 drop. As for Ethereum? There's no need to mention it, it couldn't even hold $3,000. The bulls were truly caught off guard this time.

The data is even more alarming—within 24 hours, the total liquidation amount across the network surged to 2 billion USD. Among them, 1.63 billion USD is from long positions, and short positions aren't faring much better, with 400 million USD evaporating as well. The funding situation is equally grim: Bitcoin ETF saw a net outflow of 578 million USD yesterday, while Ethereum ETF experienced an outflow of 219 million USD. Institutions like BlackRock, Fidelity, and Grayscale have been withdrawing funds for five consecutive days.

What is the current market sentiment? You could say it’s cold to the freezing point. Institutions are selling, retail investors are panicking, some are tentatively bottom-fishing, while others are painfully cutting losses and leaving the market. No one dares to say where the bottom is, and no one knows if this is a correction or if it’s really going to reverse. However, that being said, the market is like this—only those who endure will have the right to see the next round. $BTC $ETH $SOL