
Bitcoin Plunge Triggers $500 Million Liquidation Cascade
Bitcoin underwent a catastrophic crash, free-falling from $68,320 to $66,450 within a span of 15 minutes. This unexpected plunge of 2.74% triggered a $746 million liquidation cascade. In under 30 minutes, it liquidated more than $500 million in long positions. The event highlighted the extreme volatility of cryptocurrency markets and...