Bitcoin falls, and bulls face liquidation, with a liquidation amount of approximately $196 million in the last 24 hours

ChainCatcher message, Bitcoin fell below $59,000 today, triggering a long liquidation across the entire cryptocurrency market. According to Coinglass data, 58,176 traders were liquidated in the past 24 hours, with a total liquidation amount reaching $196.65 million. The largest single liquidation order was worth $10.51 million, occurring on Binance's BTCUSDT pair. The highest liquidation amount was for Bitcoin, at $67.99 million, followed by Ethereum at $39.05 million, Solana at $8.39 million, and Sui at $5.85 million. The liquidation amount for other cryptocurrencies was $19.54 million.