🚨 $BTC Flash Crash: $3,000 Drop in 1 Hour — $70M in Liquidations
Bitcoin stunned the market with a sharp $3,000 decline in just 60 minutes, wiping out nearly $70 million in long positions. The speed of the move blindsided traders, and heavy leverage amplified the damage.$BTC
What’s notable is that U.S. equities were trading higher, yet crypto markets lost around $90 billion in total value. This suggests the move wasn’t macro-driven — it was fueled by positioning. Overleveraged longs were forced out, and once liquidations kicked in, the downside accelerated quickly.
This is typical crypto volatility: when liquidity is thin and leverage piles up, price doesn’t slide — it cascades.$BTC
Was this simply a liquidity grab, or the beginning of a larger unwind?
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