Bitcoin dropped about $3,000 within approximately 5 minutes on January 31. Reports indicate a $1 billion leveraged long position was liquidated. Total liquidations in 24 hours exceeded $2.5 billion, with $2.41 billion of longs cleared. BTC briefly fell to $76,000 before rebounding to around $78,000. #BTC
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Bitcoin dropped about $3,000 within approximately 5 minutes on January 31. Reports indicate a $1 billion leveraged long position was liquidated. Total liquidations in 24 hours exceeded $2.5 billion, with $2.41 billion of longs cleared. BTC briefly fell to $76,000 before rebounding to around $78,000. #BTC