Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
135,800 retail investors are staring at the glaring liquidation notifications on their mobile phone screens - $493 million in wealth has vanished in 24 hours.
On June 3, 2025, the electronic screens in the Wall Street trading hall were suddenly flooded with blood. The price of Bitcoin broke through the $110,000 mark, and short positions were collectively liquidated within an hour. $2.7 billion of funds poured in through the Bitcoin spot ETF, pushing the price to a historical peak.