5% Bitcoin price drop led to $165m in leveraged crypto liquidations, affecting 81,000 traders.
Bitcoin's sudden 5% price drop led to $165 million in leveraged crypto liquidations, with Bitcoin longs and Ether longs accounting for the majority of the losses. Over 81,000 traders were liquidated, causing a rough start to the week for the crypto market. The recent Bitcoin flash crash erased over $220 million in leveraged positions and shook market confidence.
April 02, 2024
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