In the midday of December 4th, the virtual currency reappeared a collective "flash crash", Bitcoin slumped 10,000 US dollars, and the 24-hour decline was once more than 20%.

Data shows that in the past 24 hours, a total of 417,000 people have liquidated their positions, and the total amount of digital currency contracts on the entire network has reached US$2.584 billion (approximately RMB 16.4 billion).

Among them, the liquidation amount of Bitcoin within 24 hours alone exceeds 1 billion U.S. dollars.

As of 9:00 pm on Saturday, the total market value of global digital currencies was US$2.2 trillion, a decrease of 16.74% compared to the previous day, and the evaporated market value was more than US$440 billion (approximately RMB 285.3 billion).

With the collapse of Binance Coin, Zhao Changpeng, who is regarded by Forbes as the richest man in China, may lose more than 10 billion yuan in a day.

Previously, Zhao Changpeng said in response to his being regarded as the richest man in China, “If I sell 0.01% of the company’s shares to someone at a price of 1 U.S. dollars, the company is worth 10,000 U.S. dollars. If I issue a 1 trillion supply And sell one of them to someone for $1, then I have $1 trillion in tokens. Valuation without liquidity is meaningless. (Making Yue Ziyan)  

Editor in charge: 【Luo Pan】