BITCOIN 5% FLASH CRASH LEADS TO $165M IN LEVERAGED CRYPTO LIQUIDATIONS
Bitcoin's price drop of 5% erased $165 million in leveraged positions, with Bitcoin and Ether accounting for most losses. Bitcoin ETFs saw net outflows of $86 million, with Grayscale's GBTC contributing $302 million. Stablecoin Tether briefly depegged from the US dollar, dropping to $0.988.
