Breaking News: US stocks plunged across the board on the evening of the 12th, triggering circuit breakers once again, with Bitcoin experiencing a 22% drop.

On the evening of the 12th, the Dow Jones Industrial Average, S&P 500, and other stock indices quickly dropped by 7% after the opening, triggering a circuit breaker once again, leading to a 15-minute trading halt in the U.S. stock market. At present, Bitcoin is at the $6,000 level, with a 22% drop in the past 24 hours.

On Thursday night at 6:00 p.m. Taiwan time, the Dow futures index plummeted by 1229.0 points. After the U.S. stock market opened, including the Dow Jones Index and S&P 500, the stock indices plummeted by 7%, triggering another circuit breaker and halting trading for 15 minutes. Additionally, the OPEC+ Joint Technical Committee meeting scheduled for the 18th was canceled, as the oil-producing countries failed to reach an agreement on production cuts, causing a further decline in crude oil futures prices.

According to Binance price data, Bitcoin dropped from $7,300 on the 12th evening to as low as $5,500, experiencing a more than 20% decline within an hour. At the time of writing, it remained at around $6,100, with a 24-hour drop of approximately 22%.

The derivatives market also showed staggering figures. According to Skew:

1. Within one hour (at 6:00 p.m. on the 12th), BitMEX Bitcoin futures liquidation exceeded $500 million.

2. The daily liquidation amount is already comparable to that of November 2018.

In addition, decentralized finance (DeFi) saw a surge in liquidation amounts:

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