Bitcoin’s latest price fell 4% to $78835.07, according to data from cryptocurrency data provider Coin Metrics. For most of the year, Bitcoin has been trading above $80,000, but there have been several brief falls below this price during recent volatility. Bitcoin is currently down about 34% from its all-time high in January. As the flagship product of cryptocurrencies, Bitcoin’s trading performance is often similar to that of large tech stocks and is often seen by traders as a leading indicator of market sentiment. However, last week, it bucked the trend in the overall market plunge, with prices remaining between $82,000 and $83,000 and rising at the end of the week as the stock market plummeted and even gold prices fell. Other cryptocurrencies suffered even greater losses overnight. Ethereum and Solana-related tokens each plummeted by about 10%. Bitcoin’s decline triggered a wave of long liquidation, with traders betting on rising Bitcoin prices being forced to sell assets to cover losses. According to cryptocurrency data platform CoinGlass, Bitcoin’s long liquidation amount has exceeded $181 million in the past 24 hours. During the same period, Ethereum's long liquidation amount reached US$188 million.