800 million liquidation! Bitcoin starts to fall rapidly, 30,000 people liquidated and left the market within 1 hour

At noon on January 20, Bitcoin's sideways trend that had lasted for a week took a turn for the better, triggering a plunge near 12 o'clock, with momentum falling rapidly. At press time, it had fallen by more than 2,000 points.
30,000 people and 600 million yuan in one hour! The liquidation data is very shocking. In just one hour, the sideways trend that had been fluctuating slightly suddenly changed. Many people started to sink against the trend just after the contract was opened. When it fell below 35,000 US dollars, there were 600 million yuan of liquidation data, and it is still falling. A few days ago, Grayscale Fund entered the market with 700 million US dollars, but it only pulled up 3 points and swept more than 16,000 bitcoins. With such heavy selling pressure, many hot money scattered into altcoins and Ethereum, and Ethereum's surge came from this.

But after Bitcoin, the leader, began to fall, Ethereum would certainly follow suit, and the altcoins would naturally fall apart. The news that Bitcoin would definitely rise above $50,000 that most large institutions had spread a few days ago should soon fall apart. Grayscale Fund has already slightly reduced its holdings, and I believe there will be a major disaster soon.
Also, a reminder: Grayscale Fund’s Bitcoin holding cost is only over 10,000, so it is very likely to fall below 10,000. In addition, as major Chinese holidays are approaching, Chinese investors will inevitably withdraw their funds, so beware of risks!