Bitcoin experienced a volatile morning, reaching $70,000 before dropping below $67,000, leading to significant liquidations in the market. Over the past 24 hours, approximately $185 million worth of liquidations occurred, with Bitcoin-related positions being the most affected. Despite a minimal 1% decrease, the sudden rise and fall of BTC devastated crypto derivatives traders.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.
