OMG ...How much liquidate on sudden crash 😯🤯

Bitcoin price falls to $65K as $400M crypto market liquidation rocks BTC and altcoins

Bitcoin price sees sharp sell-off as today’s downside move liquidates heaps of BTC and altcoin traders who were caught offside.

BTC price saw a sudden 5% drawdown on April 12 as traders with leveraged positions in Bitcoin and other cryptocurrencies incurred over $400 million in losses within one hour. 

BTC dropped 5% from $68,341 to as low as $65,110 in less than 60 minutes in late New York session trading hours on April 12.

Futures market data from Coinglass show Bitcoin’s flash crash resulted in more than $417 million in leveraged positions wiped out within one hour, with over $77.93 million in Bitcoin longs and more than $63.35 million in Ether longs accounting for the bigger part of that figure.

The most short and long liquidations occurred on Binance, totaling $171 million, while crypto exchange OKX traders saw combined losses of $158 million.

$BTC $ETH #BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins