Bitcoin experienced a massive liquidation recently, with $414,000 wiped out in an instant as BTC dropped to $97,107.90. The abrupt price movement left long positions unable to handle the volatility, resulting in liquidations. This highlights the risk of using high leverage in the crypto market, where sudden price fluctuations can lead to significant losses in seconds. As seen, even minor price dips in a highly leveraged environment can trigger cascading liquidations, amplifying market volatility. It's a stark reminder of the dangers that come with leveraged trading, especially in the volatile crypto space.
