Big news! 🚨 Bitcoin's price dropped $1,800 in just 90 minutes, causing $80 million worth of long positions to be liquidated (people who bet the price would go up lost money).
But then, it quickly jumped $1,400 in the next 15 minutes, causing $20 million worth of short positions to be liquidated (people who bet the price would go down lost money).
This shows how unpredictable and volatile the crypto market is, with people using leverage (borrowing money to make bigger bets) getting wiped out quickly. 📈 Wild ride, right?
