Bitcoin has once again fallen below $100,000, with the total liquidation size of the cryptocurrency market reaching $4.63 billion.
On Thursday, the price of Bitcoin fell below $100,000 for the third time this month, a significant psychological barrier. The total liquidation amount in the cryptocurrency market in the past 24 hours reached $463 million. According to data from the cryptocurrency data platform CoinGlass, $342 million of this total liquidation amount came from long positions. Meanwhile, Bitcoin spot ETF saw a daily outflow of approximately $278 million on Wednesday. From a macro perspective, Nic Puckrin, co-founder and analyst of the cryptocurrency analysis firm Coin Bureau, stated on Thursday that the potential impact of the U.S. government shutdown crisis and the decreasing probability of a rate cut may both put pressure on the price of Bitcoin.
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