Bitcoin price flashed to $7,500, hitting a five-month low, catastrophic block, large contract burst

According to Blue Whale Finance News, on the evening of October 23, according to CoinMarketCap statistics, bitcoin prices collapsed in a short period of time, falling nearly $500 to about $7,500 in half an hour. As of 0:00 on the 24th, CoinMarketCap data shows that bitcoin prices have fallen below $7,500, the lowest price in five months. Statistics on Bitcoin futures contracts show that in the past 24 hours, there may be a total of 470 million USDT, which is about RMB 3.3 billion. The data is from Coin, and the information on the specific contract exchanges is unknown. The application has previously reported on the pending orders of OKEx and Huobi.DM contracts.