According to CoinMeta, Bitcoin fell below $78,000 on Tuesday, hitting a low of $77,603 before rebounding to around $78,600. As of 11:20 a.m. Eastern Time on Tuesday (which is 0:20 a.m. Wednesday with a time shift of +8), Bitcoin's market value was approximately $1.58 trillion. The recent price fluctuations led to the liquidation of Bitcoin positions worth $79 million, with long positions accounting for about 90% of that amount. The total liquidation of cryptocurrencies across the network reached $264 million, including $187 million from long positions and $77 million from short positions.