Crypto market: Over $1.2 billion in long positions cleared in the past 24 hours

[SuiLend Suspends Elixir Market Functions and Requests Loan Repayment] Sui ecosystem lending protocol SuiLend stated that it is monitoring the $93 million loss issue of Stream Finance, with Elixir's deUSD exposure being the largest. Elixir lent $68 million USDC to Stream, accounting for 65% of deUSD's total reserves. SuiLend has suspended deposit and withdrawal functions for the Elixir market on its platform and has contacted the Elixir team to request loan repayment. Other lending markets on SuiLend remain unaffected and continue to be secure.

In the past 24 hours, there has been a $1.35 billion settlement in the Bitcoin and cryptocurrency markets, as the price of Bitcoin fell below $103000, approaching the historical top ten settlement scale. （Bitcoin Archive）

OKX-BTC/USDT is currently trading at $103002, with a 5-minute drop of 0.49%. Please pay attention to market fluctuations.

The price of Bitfinex BTC/USD has hit a nearly 3-month low, currently at $103270, a decrease of 4.41% in 24 hours, with a turnover of $199 million. After the price reaches a new low, there is a high probability of a price rebound. (AiCoin Research Institute)

The US stock market opened lower, with the Dow Jones Industrial Average falling 339 points, the Nasdaq falling 371 points, and the S&P 500 index falling 1.14%.