THIS IS WHY THE CRYPTO MARKET IS DROPPING HARD 🚨
The crypto market just took a heavy hit.$BTC Bitcoin slipped below $81,000 and Ethereum dropped close to $2,500. Because of this sudden move, around $380 million worth of long positions got liquidated in just 30 minutes.
What caused it?
A well-known Bitcoin whale seems to be the main trigger.
This is the same whale who reportedly made $200 million by shorting the market before the October 10 crash. Over the last month, he built more than $700 million in long positions. Today, during a low-liquidity weekend, he started closing those trades.
In just 10 minutes, over $65 million in $ETH long positions were closed. That move pushed trading bots and copy traders to exit their positions too, which caused a chain reaction of liquidations across the market.
That’s how the dump accelerated so fast.
Now everyone is asking the same question:
Did this whale see something coming… or is he just shaking the market to buy back at lower prices?
Either way, this shows how fast things can change in crypto—especially when big players move.