BTC Shock: $246 Million Liquidation in 4 Hours
The Bitcoin ($BTC) market over the weekend experienced brutal volatility, liquidating leveraged positions in a short period:
Initially Plummeted: BTC dropped $2,000 (from $89.7k to $87.7k), wiping out $171 Million long positions.
Then Soared: BTC reversed direction, skyrocketing $3,500 (from $87.7k to $91.2k), liquidating $75 Million short positions.
Total Liquidation: Approximately $246 Million was removed from the market.
Conclusion: This price action is suspected to be intentional manipulation during a low liquidity weekend to clear both long and short positions simultaneously.
#BinanceAlphaAlert #CryptoRally #Write2Earn #ETHETFsApproved #BTC $BTC
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