This morning at 6 o’clock, the cryptocurrency market weakened. Bitcoin fell below 76,000 points, and mainstream coins retreated in sync as risk-aversion sentiment in the market heated up.

The derivatives market saw large-scale liquidations: more than 120,000 accounts were liquidated, with total liquidation amounts exceeding $500 million. Long positions suffered heavy losses, and short-term trading risk was pushed to the limit.

Regulators in Europe and the U.S. continued to tighten controls. Multiple virtual-asset-related businesses were restricted. Countries overseas introduced strict regulatory policies one after another to crack down on disorder within the industry.

Leading platform companies saw declining revenues and widening losses, and the industry has officially entered a reshuffling and adjustment phase. With the market bouncing and swinging unpredictably, it is important not to bet on the market with heavy positions right now. Keep a calm mindset, observe steadily, prioritize protecting your principal, and handle every market fluctuation rationally.#TradFi交易分享挑战 $ETH ‌