Crypto Market Flash Crash: $200M Liquidated
Bitcoin fell below $80,000 and major altcoins dropped sharply as over $200M in leveraged long positions were liquidated in under 60 minutes. Orderbook data and chart structure suggest further downside risk.
What we know
An account on X reported BTC below $80k, SOL below $100, XRP below $1.30, and ETH below $2,350 with $200M+ in longs liquidated in 60 minutes. Another account on X confirmed the cascade. Another account on X flagged large asks chasing price lower from $85k as a bearish orderbook signal. Another account on X warned of a potential daily trend breakdown. Meanwhile another account on X predicted BTC sub-75k before 200k, and another account on X called the current phase 'time capitulation' with potential 'price capitulation' ahead tied to war fears. Another account on X noted he hadn't seen this much fear in a long time.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.