Too bad! 67,055 people were liquidated in 24 hours, and 2.969 billion yuan of funds were wiped out. This company is optimistic about Bitcoin and bought a lot of it

After last week's sell-off, Bitcoin resumed its upward trend and rose above the important psychological level of $50,000. On March 3, Bitcoin rose 5.33% to 51,000 points, with the highest intraday increase of 8.56%. Bitcoin continued its upward trend today. As of press time, it was at 51,006 points, a slight increase.

Square, an American mobile payment service provider, previously stated in a regulatory report that it had purchased $170 million worth of Bitcoin. Square said that the company recently bought a total of 3,318 Bitcoins. In October last year, the company also bought 4,709 Bitcoins. In 2020, Bitcoin assets accounted for 5% of the company's total assets.

Despite the rebound, data from Bitcoin Home Network showed that 67,055 people still had their positions liquidated within 24 hours, and 2.969 billion yuan of funds were wiped out.
Source: Daily Economic News

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