Bitcoin fell below the US$81,000 mark, with more than 220,000 people selling positions

Blue Whale News, February 28 (Reporter Huang Yujie)On February 28, Beijing time, the cryptocurrency market ushered in a sharp decline. Among them, the price of Bitcoin once fell to US$80,000, the lowest level since November 2024.

CoinGlass data showed that the price of Bitcoin fell below US$81,000. As of around 8:10 pm on the 28th, the lowest offer was US$80,350, a 24-hour decline of 7.02%.

In addition, other virtual currencies also generally fell, with Ethereum falling more than 9% in 24 hours.

CoinGlass data showed that as of around 8:10 pm on the 28th, within 24 hours, about 226,300 people around the world had been sold, with the total amount of opened positions reaching US$950 million, and the amount of opened positions increased by 22.10% in 24 hours. Among them, the amount of multiple open positions reached US$822 million, accounting for 86.5% of the total open positions. The largest single short position occurred in the BTC-USDT trading pair on the HTX exchange, with an amount of US$38.007 million.

As the volatility of the cryptocurrency market intensifies, investors ‘risk awareness has increased significantly. Industry insiders suggest that in the current market environment, investors should use leverage cautiously and reasonably control positions to cope with possible further fluctuations. At the same time, market participants need to pay close attention to regulatory policy trends and macroeconomic indicators to better grasp market trends.