Global financial markets have experienced a violent shock. In the early morning of April 13, there was a large-scale liquidation in the virtual currency market, and the price of bitcoin plunged by more than $2,000 in a short period of time, plummeting from a high of $67,100 to below $65,000. According to CoinGlass data, in the past 24 hours, a total of 296,300 people in the virtual currency market have liquidated, with a total liquidation of 920 million US dollars (about 6.658 billion yuan). This incident not only frightened investors, but also highlighted the volatility and risk of the virtual currency market.