According to data from Huoxun Finance, if Bitcoin falls below $68,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEXs) will reach $1.068 billion; conversely, if Bitcoin breaks through $72,000, the cumulative liquidation intensity of short positions on major CEXs will reach $1.075 billion. It should be noted that liquidation intensity does not represent the precise number of contracts pending liquidation or the precise value of liquidated contracts. It reflects the importance of each liquidation cluster relative to its neighboring liquidation clusters—that is, the degree of market impact when the underlying price reaches a certain level. Higher liquidation intensity means a stronger market reaction due to changes in liquidity after the price reaches that level.

In the past hour, total liquidations across the network reached $12.38 million, with $11.69 million from long positions, with $687,731.48 from short positions. BTC liquidation $4.20 million, ETH liquidation $3.44 million.

According to Gate.com data, the current price of BTC/USDT is $69,996.8, a 24-hour drop of 1.85%.

According to Huoxun Finance on March 24, OKX market data shows that BTC has just fallen below $70,000 and is currently trading at $69,983.50 per coin, down 0.21% on the day.

According to Huoxun Finance, YZi Labs has launched the Atlas Scout Program, aiming to recruit 5-10 students from top universities worldwide, including Stanford, Harvard, MIT, Columbia, NYU, Carnegie Mellon, and UC Berkeley, to form a student-managed early-stage venture fund. This fund will represent YZi Labs in investments in Web3, AI, and biotechnology, with a maximum size of $1 million. Selected students will receive travel allowances for global industry conferences, performance-based incentives, and direct access to YZi Labs' investment and incubation ecosystem, which covers over 300 projects and manages over $10 billion in assets, to discover and support early-stage entrepreneurs.