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.
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