Bitcoin Flash Crashes 4.8% Before Bouncing Back, $560 Million Liquidated Across the Network in 1 Hour
BlockBeats News, June 25th, influenced by the fluctuation of the US stock market, Bitcoin experienced a flash crash of 4.8% in nearly 1 hour. At the time of writing, the price of the coin has temporarily rebounded to $59,308.38.
However, during the flash crash, a total of 5 contract positions worth over $10 million each were liquidated, resulting in a net loss of $560 million across the entire network in just under 1 hour.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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