Announcements Gate Research: BTC Rebounds After Dropping to $91,111, DeFi TVL Hits Record High

Gate Research: BTC Rebounds After Dropping to $91,111, DeFi TVL Hits Record High

2024-12-06 10:40:32 UTC 11477 Read

[//]:content-type-MARKDOWN-DONOT-DELETE

**Gate Research Daily Report: December 6** 
On December 6, the price of BTC plummeted from $99,000 to $91,111 within one hour. However, BTC quickly rebounded and has now risen to around $95,781. The total liquidation amount across all contracts on the network reached approximately $1.007 billion. Due to BTC's sharp price spike, a large number of long positions were liquidated, totaling $806 million. Among them, Bitcoin had the largest liquidation volume, reaching 537 million USDT. Bitcoin's annualized premium reached 20%, the highest level in 8 months. The total value locked (TVL) in DeFi reached $202.7 billion, setting a new all-time high. Donald Trump has appointed David O. Sacks as White House AI and Crypto Czar.

![](https://gimg2.gateimg.com/image/article/1733493219en.png)

**Market Analysis**: BTC experienced a sharp drop from $99,000 to $91,111 within an hour, followed by a strong rebound. It has currently recovered to approximately $95,781.
**Top Performers**: Over the past 24 hours, the most popular altcoins were MORPHO, CTC, and SAFE, with gains of 49.4%, 30.8%, and 26.7%,respectively.
**Data Highlights**: The total liquidation across the network amounted to approximately $1.007 billion, driven by BTC's dramatic price spike and drop. Long liquidations dominated, reaching $806 million.
**Spotlight Analysis**: Former President Trump has nominated David O. Sacks as the White House AI and Crypto Czar, signaling a significant step forward in cryptocurrency policy planning.
**Market Opportunities**: 4EVERLAND, a Web3 cloud computing platform integrating storage, networking, and computing, has announced its first airdrop. The airdrop targets users linked to exchanges and requires no on-chain transaction fees.

Explore today's details 👉🏻 [Gate Research: BTC Rebounds After Dropping to $91,111, DeFi TVL Hits Record High](https://www.gate.io/learn/articles/gate-research-btc-rebounds-after-dropping-to-91111-de-fi-tvl-hits-record-high/4982?ch=GDR_ann_20241206&utm_campaign=TR_8taF7MkZ&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

**Gate Research** 
Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the [Link](https://www.gate.io/learn/category/research) to learn more

<sp>
**Gateway to Crypto**
Trade over 3,100 cryptocurrencies safely, quickly, and easily on Gate.io

• Visit our  [Official Website](https://www.gate.io/activities/gate-collaborates-with-inter-milan "Official Website")
• Download Gate.io [App](https://www.gate.io/mobileapp?ch=ann28618 "App") / [Web](https://www.gate.io/mobileapp "Web") now
• Follow us on [Gate.io X (Twitter)](https://x.com/gate_io "Gate.io X (Twitter)") to get more bonuses
• Join our [Telegram](https://t.me/gateio_en "Telegram") to discuss hot topics
• Join our [Global Community](https://www.gate.io/community "Global Community") to get more updates
• We provide [100% proof of reserve](https://www.gate.io/proof-of-reserves "100% proof of reserve")>>>
• [Sign up](https://www.gate.io/signup "Sign up") to enjoy max. $6666 in rewards exclusively for new users
• Get 40% commission from [referrals](https://www.gate.io/referral "referrals")

Gate.io Team
December 6th, 2024

Messages

Start-End Time of the Change

Rise/fall colour

Gate Research: BTC Rebounds After Dropping to $91,111, DeFi TVL Hits Record High

Gate Research: BTC Rebounds After Dropping to $91,111, DeFi TVL Hits Record High

Select language and region

Fiat Currencies