The encryption market has plunged. The largest single open position in multiple orders is worth US$26.64 million, and the entire network has closed nearly US$400 million.

In the early morning of October 7, the crypto market experienced violent fluctuations, and the price of Bitcoin continued to fall to US$83,804.60, a cumulative decrease of 2.13% from the 24-hour trading session of the previous day. According to Coinglass statistics, a US$410 million short position event occurred on the entire network in just one hour that day, including a loss on long positions reaching US$398 million. It is worth noting that the largest single open position amount of Ethereum was US$26.64 million, and another US$11.74 million worth of Bitcoin opened positions on the Binance platform. These two abnormal transactions both occurred on the exchange.