Yi Lihua, founder of Liquid Capital, said that Bitcoin has not yet fallen below the key support level, but the counterfeit currency has seen a comprehensive correction. Yi Lihua believes that most of the time in a bull market is in a volatile phase, and there will be no sustained upward trend. Even if the correction is significant, it is a normal phenomenon, and investors do not need to try to trade or seize every opportunity at all times.

The price of ETH has fallen below $2600, and there has been over $400 million clearing in the cryptocurrency market in the past 20 minutes. （Watcher.Guru）

BitGo CEO Mike Belshe stated that Bitcoin has been the best performing asset in almost every time period over the past 15 years.

The price of Bitcoin has fallen below $84000, and the liquidation amount of long positions in the cryptocurrency market has reached $360 million in the past 10 minutes. （Watcher.Guru）

Pudgy Penguins founder Luca Netz announced the closure of Abstract, and parent company Igloo Inc. will shift its focus to Pudgy Penguins, Pudgy NFTs, and PENGU. Igloo Inc. has accumulated losses of tens of millions of dollars in investment for Abstract over the past two years, and the project has not found a product market fit. Abstract has achieved 300 million on chain transactions, but faces issues such as insufficient DeFi ecosystem, limited liquidity, and high costs. Igloo Inc. has decided not to raise funds through token issuance after losing $10 million. The company will stop drawing funds from Pudgy Penguins to support Abstract.