According to CoinMeta, affected by the Binance theft incident, from 04:00 to 05:00 in the early morning, panic selling intensified rapidly, with over $540 million hitting BTC. Of this, Binance's market-priced sell orders amounted to $214 million, while HyperLiquid faced selling pressure of $332 million. This decline was sudden, and the existing buy orders were unable to absorb it, leading to a continuous breakdown in a short period. As of 10:17 today, the active selling orders on these two platforms totaled as high as $1.688 billion, causing BTC to fall by more than 5%. Currently, BTC is testing around $77,000 on the short term. If the active selling orders decrease and buying interest picks up, there is hope that the price may stop falling and start to rebound.