Bitcoin sees another flash crash, leading to $1.52 billion cascade in crypto liquidations
The crypto market experienced a cascade of liquidations over the past 24 hours, totaling $1.52 billion, as Bitcoin (BTC) underwent yet another flash crash.
According to Coinglass data, longs made up the vast majority of the amount, with $1.39 billion liquidated across the market, while short liquidations accounted for $137 million of the total.
This marks the second consecutive week of intense market volatility, with altcoins taking the hardest hit. Over $759 million in liquidations occurred in the past hour alone, highlighting the speed and scale of the sell-off.
Intense volatility
Based on CryptoSlate data, Bitcoin’s price dropped sharply to an intraday low of $94,129 before partially recovering to trade at roughly $97,000 as of press…
