Bitcoin Flash Crash: BTC Drops to $59,100, Triggering $1.265 Billion in Crypto Liquidations
By
Finn Keller
Summary
Bitcoin experienced a flash crash, dropping from $64,000 to approximately $59,100, triggering a massive liquidation event totaling $1.265 billion across the crypto market. Over 209,000 traders were affected as the flagship cryptocurrency hit a multi-month low, signaling a major deleveraging event in the digital asset ecosystem.
Source
bskyBitcoin Flash Crash: BTC Drops to $59,100, Triggering $1.265 Billion in Crypto Liquidationscryptofox.newsKey quotes
· 3 pulledThe cryptocurrency market experienced a severe wave of volatility within the last hour, as Bitcoin (BTC) plummeted from above $64,000 to approximately $59,100.
According to the latest data from Coinglass, total market liquidations over the past 24 hours have reached $1.265 billion, signaling a major deleveraging event across the digital asset ecosystem as the flagship cryptocurrency hit a multi-month low.
The sudden downward mov
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