Market News / Story
Bitcoin Slides $2,000 in 20 Minutes, Liquidating $400 Million in Long Positions
Bloomingbit ·
Bloomingbit reports: Bitcoin fell about $2,000 in 20 minutes, liquidating roughly $400 million of leveraged long positions in less than an hour. CoinGlass data on October 6 showed Bitcoin dropping about $2,000 in just 20 minutes, triggering the forced liquidation of roughly $400 million in leveraged long positions within an hour. CoinGlass's liquidation heat map also showed large-scale liquidations centered on major cryptocurrencies. Over the past hour, Ethereum recorded the biggest…