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Bitcoin (BTC) Rockets 8,593% in Abnormal Liquidation Imbalance in Hourly Bloodbath
The crypto market has witnessed an unprecedented hour of chaos and volatility. A shocking 8,593% imbalance in hourly liquidations was recorded as Bitcoin’s price plummeted, resulting in one of the most turbulent hours for long positions in recent memory.
In a stunning turn of events, over $2.78 million worth of BTC long positions were suddenly erased within an hour, with a stark disparity between long and short positions. According to CoinGlass, this liquidation imbalance is unparalleled outside extreme volatility events.
Source: u.today
