According to CoinMeta, in the past day, the market value of the crypto industry evaporated by approximately $600 billion, with the market hitting a low of nearly $2 trillion during the session, and falling by about 8% within 24 hours. Compared to a market value of around $2.8 trillion in October, this represents a decline of about 26%. In the past day, positions worth over $2 billion were liquidated, of which 93% were long positions.