Bitcoin Flash Crash: From $73,000 to $8,900 - What Happened?
TL;DR Summary
Bitcoin experienced a sudden crash to $8,900 on BitMEX, causing over $440 million in liquidations for futures traders, with Binance recording the most at $212 million, while Grayscale's GBTC ETF saw record high outflows. Binance is now requiring enhanced KYC tests for its prime brokers to ensure compliance with U.S. regulations after settling a case for $4.3 billion. Meanwhile, the chart indicates a surge in buying pressure for Solana (SOL) compared to a downtrend in Ethereum (ETH).
- First Mover Americas: Bitcoin Slumps, Liquidations Surge CoinDesk
- Bitcoin briefly slumps below $63,000 after topping a record $73,000 last week CNBC
- Bitcoin Price Falls Toward $63,000; Ether and Other Cryptocurrencies Also Decline The Wall Street Journal
- Bitcoin Flash Crashed to $8.9K on BitMEX Yahoo Finance
- Exchange Investigates Flash Crash That Sent Bitcoin to $8900 Bloomberg
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