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Bitcoin briefly fell below $73,000, with approximately $448 million in liquidations occurring across the network in the past 12 hours.

PANews reported on February 4th that, according to OKX market data, BTC once dipped to $72,917.8 and is currently trading at approximately $75,628.6; ETH once touched $2,108 and is currently trading at approximately $2,229.71. According to Coinank data, approximately $448 million in positions were liquidated across the network in the past 12 hours, including approximately $351 million in long positions and approximately $96.4832 million in short positions.