According to Cointelegraph: Bitcoin experienced a sudden 5% price drop, leading to leveraged traders suffering over $165 million in losses within just a couple of hours. The drop from $69,450 to $65,970 happened in less than 30 minutes in the early hours of April 2, and was followed by a significant $165 million worth of leveraged positions being liquidated.

Bitcoin tumbled over 5% in a sudden tumble on April 2. Source: TradingView

The most significant losses came from long positions in Bitcoin of just over $50 million and in Ether of more than $40 million. Meanwhile, Dogecoin and Solana saw liquidations of roughly $6 million and $4 million respectively.