#BTC price experienced a sudden drop of more than $3,000 in a matter of minutes, with over $100 million in long positions being liquidated.
This crash occurred following a relatively calm daily #trading session, where $BTC appeared to be consolidating.
The total number of long liquidations within the last hour alone was around $100 million as per #CoinClub .
This event has raised concerns among investors and has led to a rebound in the #cryptocurrency market, with some speculating that Bitcoin could potentially reach $50,000.