Bitcoin's price has plummeted by as much as 25% in the past 10 days, and the hashtag "Bitcoin crashes, more than 400,000 people liquidated" has topped the trending topics list on Douyin (TikTok).

According to Odaily Planet Daily, the hashtag "Bitcoin crashes, over 400,000 people liquidated" topped the Douyin (TikTok) trending list.

OKX data shows that Bitcoin fell from a high of 107,500 USDT on November 11 to a low of 80,636 USDT on November 21. This represents a maximum drop of 25% in the past 10 days.

As of November 22, nearly $1.81 billion in positions were liquidated across the entire network in the past 24 hours, with $570 million of long positions liquidated.