The price of Bitcoin against the US dollar continued to fluctuate and fall. In the past 24 hours, more than 270,000 people lost 1.3 billion US dollars.

As an important representative of cryptocurrency, Bitcoin's price trend has attracted much attention from investors in the currency circle, and this virtual currency is quite controversial in the market.

Therefore, the exchange rate to US dollars fluctuates greatly, and ups and downs are basically the norm. The corresponding number of traders whose positions are liquidated and the funds involved happen every day, which has made many investors accustomed to it. However, when the market presents a collapse-like trend or a rapid rise, the funds liquidated and the number of investors increase sharply, which will inevitably cause a wave of shock in the entire investment circle.
Bitcoin price continues to fluctuate and fall against the US dollar

Last weekend, as cryptocurrencies collapsed, all virtual cryptocurrencies, led by Bitcoin, plunged. Ethereum, Binance Coin, Ripple, Dogecoin, Litecoin, etc. all fell by more than 10%, especially Ripple and Litecoin, which fell by 26% and 28% respectively, hitting the largest single-day declines this year. The cryptocurrency circle was boiling, and investors were trembling and treading on thin ice. However, although Bitcoin rebounded on the second trading day after a sharp drop, it was eventually suppressed by short sentiment, that is, the rebound was strangled, and the price of Bitcoin against the US dollar continued to fluctuate and fall.
Up to now, the price of one bitcoin has fallen below $54,000, with the lowest price being around $53,500. It has fallen below $2,000 in a single day, a drop of more than 3.5%, and has already achieved a "five-consecutive-fall" situation. There is a price difference of nearly $10,000 from the highest price to the lowest price. Obviously, the decline is large. It also means that in recent times, under the influence of various factors, the bearish sentiment of cryptocurrencies is strong, which has caused the exchange price to the US dollar to continue to fluctuate and fall, that is, the "continuous decline" trend is more obvious.
Over 270,000 people on the Internet had their positions liquidated for USD 1.3 billion in the last 24 hours

Of course, taking today as an example, as the price of Bitcoin continued the volatile downward trend of the previous trading day, the intraday decline exceeded 3.5%, prompting a total of more than 270,000 people to be liquidated in the last 24 hours, with a total of 1.3 billion US dollars. Although the liquidation funds are not as much as last weekend, compared with ordinary trading days, the number of liquidations and the amount of liquidation funds in the last 24 hours are both larger, and another large number of investors are forced out, which means that the invested funds are lost. To be precise, according to the data of Bitcoin Home Network, the total number of liquidations in the whole network in the past 24 hours reached about 271,000, and the liquidation funds were 1.337 billion US dollars. According to the exchange rate of US dollars to RMB, it is approximately equivalent to 8.68 billion RMB, which is obviously another huge amount of funds. Among them, the largest single liquidation occurred in Bitmex-LINKUSDTM21, with a value of $11.03 million. The liquidation funds in 1 hour reached 65.9 million US dollars, which is approximately equivalent to 420 million RMB.
In addition, in terms of long and short positions that were liquidated, the long position liquidation funds exceeded 500 million US dollars within 24 hours, and the short position liquidation funds reached about 170 million US dollars. Faced with the continued volatile and falling market, it is obvious that the majority of investors suffered losses in long positions, while the number of short position liquidations was a minority. That is, investors who usually follow the trend generally suffer relatively small losses. However, when facing investment contracts with large fluctuations such as Bitcoin, positions and stop losses are particularly important, because even if you follow the trend, liquidations may occur.
In short, as the price of Bitcoin against the U.S. dollar continues to fluctuate and fall, more than 270,000 people have had their positions liquidated for $1.3 billion in the past 24 hours, which means that approximately 8.68 billion yuan has been wiped out. A large number of investors in the currency circle have suffered heavy losses and been forced to exit the market. At present, the intraday price of Bitcoin fluctuates greatly, falling below $2,000 in a single day, a drop of nearly 4.0%. Short sentiment prevails, and the number of people whose long orders have been liquidated far exceeds that of short orders. At the same time, the investment risk is also higher than usual.