🔴Strategy Cost Line Breached, Crypto Market Faces Another "Liquidation Day" Bitcoin briefly dipped below $76,000 this morning, breaking below the Strategy cost line for the first time in nearly two and a half years. Furthermore, nearly $2.2 billion in contract liquidations occurred across the entire network within 24 hours, marking the highest single-day liquidation volume since October 11th. Several high-profile whales were also affected: 🐳 Huang Licheng (@machibigbrother), known as "Machi Big Brother," had his positions completely liquidated on the evening of January 31st; 🐳 An address starting with 0x9ee, considered a "CZ counterparty," suffered a margin call of over $60 million, wiping out all profits and incurring a loss of over $10 million; 🐳 A so-called "insider" who shorted after the October 11th flash crash also had over $200 million liquidated, going from a profit of $142 million to being liquidated in just 56 days. 🐳 Meanwhile, as Ethereum once fell to $2240, Yi Lihua (@Jackyi_ld)'s Trend Research account, holding 651,300 ETH, suffered a maximum unrealized loss of nearly $500 million. Trend Research currently has 175,800 WETH staked on Aave, borrowing approximately 274 million USDT. The lending position health is 1.29, and the liquidation price is $1558. While the liquidation price is still some distance from the current price, it's not unattainable if the market downturn continues. Click here to see what really happened behind the bloodbath! 🤔