#BTC Bitcoin's historic surge: $300 million was reset in 3 minutes

Cryptocurrency investors witnessed historic moments yesterday. The market's flagship, Bitcoin, passed the historic threshold by exceeding the $100,000 barrier. An unprecedented movement was also experienced during the night hours. $300 million was wiped out of the market in minutes. In the last 24 hours, $875 million worth of positions were closed.

With the rally that started with Donald Trump's election victory, Bitcoin rose to $105,000.

Bitcoin has gained over 45 percent since the presidential elections on November 5.

IT SAW $90,000

Bitcoin, which exceeded $100,000, saw its peak during the night hours.

Bitcoin fell by nearly 10 percent in a few minutes. It fell from $100,000 to around $90,200.

Analysts stated that the decline in question could be interpreted as profit sales.

$300 MILLION WAS ERASED

With a decrease between 01:24 and 01:27, over $300 million of long positions were liquidated on the futures side within minutes.

Analysts said that the sudden decline was a rare situation in the history of cryptocurrencies.

RECOVERED FAST

Bitcoin later stabilized at $97,000 with purchases from the bottom.

According to Coinglass data, $875 million worth of positions were liquidated in the LAST 24 hours due to the impact of the sharp fluctuations up and down. The money of 156,548 investors was reduced to zero. $702 million of these were long and $172 million were short.