Bitcoin’s price dropped by $2,000 in less than 20 minutes, falling below the $84,000 mark. This sharp correction triggered over $550 million in liquidations within a single day, with $430 million occurring in just four hours, predominantly on long positions. Nearly 100,000 traders were wiped out, with a record $26 million liquidation on Binance. Two potential causes have been identified: the US government transferred 834 BTC ($71.56 million) to Coinbase Prime, while four newly created wallets opened 40x shorts on 148.49 BTC ($12.5 million) on Hyperliquid minutes before the crash.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
