80,000 people were liquidated! Bitcoin fell below $45,000 per coin, and 3.143 billion digital currency funds became "cannon fodder" in 24 hours. What happened?

According to trading data, at 11:40 on February 28, Bitcoin fell below $45,000 per coin, down 2.73% on the day. At the same time, Ethereum fell below $1,400 per coin, down more than 4% on the day. Litecoin fell below $160 per coin, down 7.14% on the day.

As of press time, Bitcoin is temporarily reported at $44,974.8, a sharp drop of $1,126 on the day. According to data from Bitcoin Home Network, the total amount of digital currency liquidated in the past hour reached $99,795,700 (about RMB 647 million); the total amount of liquidated in the past 24 hours reached $485 million (about RMB 3.143 billion), and 81,858 investors were liquidated.