Thin Xmas books + heavy leverage = instant cascade.
Price didn’t find value, forced deleveraging.
Mohammad emtiyaz
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🚨 WHAT JUST HAPPENED ON $BTC/USD1
Bitcoin was instantly dumped to ~$24K within a minute, triggering millions in long liquidations.
The move happened during low-liquidity (Christmas night) conditions — a setup often used to flush leverage fast. Whether intentional or not, it looked like coordinated selling, not organic market action.