đ¨ Bitcoin Flash Crash: What Really Happened Last Night?
Bitcoin plunged nearly 7% overnight, wiping out over $800M in long liquidations across major exchanges. The sudden drop came after heightened volatility in U.S. bond yields and renewed uncertainty around ETF inflows.
đ Key factors behind the move:
Rising U.S. yields pressured risk assets
BTC open interest was heavily long â a perfect setup for liquidation cascade
Whales moved over 15,000 BTC to exchanges within hours
The market is showing signs of panic, but on-chain data still suggests strong accumulation near the $54Kâ$56K zone.
đ Whatâs your take â a healthy correction or the start of a deeper pullback?
#Bitcoin #BTC #CryptoCrash #CryptoMarket #BinanceSquare #CryptoNews #BTCanalysis