Nearly 70,000 people have been liquidated, and the trading volume of Bitcoin has dropped by nearly 72%.

The prices of virtual currencies such as Bitcoin and Ethereum suddenly dropped, and the trading volume almost collapsed across the board. As of 7:30 on September 7, in the past 24 hours, the price of Bitcoin approached $110,000 per coin, with trading volume dropping by nearly 72%. XRP trading volume dropped by nearly 70%, while Ethereum and SOL fell by over 60%. According to Coinglass data, in the past 24 hours, a total of 67,000 people were liquidated in the cryptocurrency market, with a total liquidation amount of $118 million.