Bitcoin Flash Crash Wipes Out $128 Million in Long Positions as Price Briefly Dips Below $90,000

Bitcoin (BTC) experienced a brief but sharp flash crash on Thursday, dipping to establish an intra-day low of $89,641 before rebounding above $90,000. The move highlights continued volatility in the cryptocurrency market, with millions of long positions caught off guard and subsequently wiped out. Bitcoin Price Briefly Drops Below $90,000, Liquidates $128 Million in Longs As of this writing, the Bitcoin price was trading at $90,431, having briefly dropped below the $90,000 psychological level. The last time the pioneer crypto treaded below this threshold was on January 3, the same day it broke above it to the upside, effectively ending a multi-week consolidation source: https://beincrypto.com/bitcoin-flash-crash-etf-liquidations/