Bitcoin flash-crashed to $100k — then roared back. Here’s what really happened behind the $610M liquidations

Bitcoin fell to $100,800 on November 12, down 4.2% in 24 hours, as the broader crypto market shed roughly $65 billion, before recovering early in the morning to $103,000. The crash resulted in over...

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Bitcoin flash-crashed to $100k — then roared back. Here’s what really happened behind the $610M liquidations

Source: CryptoSlate

Bitcoin fell to $100,800 on November 12, down 4.2% in 24 hours, as the broader crypto market shed roughly $65 billion, before recovering early in the morning to $103,000. The crash resulted in over $610 million in liquidations of leveraged positions, according to Coinglass data. The sell-off hit hardest during US trading hours, erasing overnight […]