Around 9:40 PM Taipei time on March 9, Bitcoin broke through the $69,000 mark, while Ethereum simultaneously surpassed the $2,000 threshold. At the same time, according to CoinGlass data, a total of 92,031 traders were liquidated in the past 24 hours worldwide, with total liquidation amounts reaching $374.9 million.
(Background: Strategy invested an additional $1.28 billion to buy 17,994 Bitcoins! Total holdings exceeded 738,000 BTC, with Bitcoin breaking the $68,000 mark.)
(Additional context: Bitcoin fell below $66,000, with $340 million in liquidations, and rising oil prices pushed the dollar higher: the fear index remains at only 8.)
Bitcoin rebounded strongly, and bullish sentiment warmed up. As of around 9:40 PM Taipei time on March 9, Bitcoin temporarily broke through the $69,000 level during the day, significantly recovering from the weekly low of around $66,000. Ethereum also regained the $2,000 support level, indicating a clear improvement in market sentiment.
However, the rebound also triggered a wave of short liquidations. According to CoinGlass data (as of press time), 92,031 traders worldwide were forcibly liquidated in the past 24 hours, with total liquidation amounts reaching $374.9 million. Among them, long positions were liquidated for about $200 million, and short positions for approximately $179 million, resulting in a double blow to both bulls and bears.
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