Strategy Chief Executive Officer Phong Le pointed out that if Morgan Stanley's Wealth Management business, which manages $8 trillion in assets, allocates 2% to Bitcoin, it would bring approximately $160 billion in buying pressure to the market, which could significantly impact Bitcoin's price and liquidity.
According to CoinGlass data, on March 20th, the cryptocurrency market experienced total liquidations of $225 million in the past 24 hours, affecting 85,557 people. Long liquidations amounted to $129 million, while short liquidations reached $95.6199 million. BTC and ETH liquidations were $93.8143 million and $50.6143 million respectively. The largest single liquidation was $13.1514 million.