Gate Research: BTC Rebounds After Dropping to $91,111, DeFi TVL Hits Record High

Gate Research Daily Report: December 6
On December 6, the price of BTC plummeted from $99,000 to $91,111 within one hour. However, BTC quickly rebounded and has now risen to around $95,781. The total liquidation amount across all contracts on the network reached approximately $1.007 billion. Due to BTC's sharp price spike, a large number of long positions were liquidated, totaling $806 million. Among them, Bitcoin had the largest liquidation volume, reaching 537 million USDT. Bitcoin's annualized premium reached 20%, the highest level in 8 months. The total value locked (TVL) in DeFi reached $202.7 billion, setting a new all-time high. Donald Trump has appointed David O. Sacks as White House AI and Crypto Czar.

Market Analysis: BTC experienced a sharp drop from $99,000 to $91,111 within an hour, followed by a strong rebound. It has currently recovered to approximately $95,781.
Top Performers: Over the past 24 hours, the most popular altcoins were MORPHO, CTC, and SAFE, with gains of 49.4%, 30.8%, and 26.7%,respectively.
Data Highlights: The total liquidation across the network amounted to approximately $1.007 billion, driven by BTC's dramatic price spike and drop. Long liquidations dominated, reaching $806 million.
Spotlight Analysis: Former President Trump has nominated David O. Sacks as the White House AI and Crypto Czar, signaling a significant step forward in cryptocurrency policy planning.
Market Opportunities: 4EVERLAND, a Web3 cloud computing platform integrating storage, networking, and computing, has announced its first airdrop. The airdrop targets users linked to exchanges and requires no on-chain transaction fees.

Explore today's details 👉🏻 Gate Research: BTC Rebounds After Dropping to $91,111, DeFi TVL Hits Record High

Gate Research
Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the Link to learn more

**Gateway to Crypto** Trade over 3,100 cryptocurrencies safely, quickly, and easily on Gate

• Visit our Official Website
• Download Gate App / Web now
• Follow us on Gate X (Twitter) to get more bonuses
• Join our Telegram to discuss hot topics
• Join our Global Community to get more updates
• We provide 100% proof of reserve>>>
• Sign up to enjoy max. $6666 in rewards exclusively for new users
• Get 40% commission from referrals

Gate Team
December 6th, 2024