The Bitcoin crash happened today at 5 AM, with the BTC price plummeting to 100200. Altcoins fell even harder, almost reaching zero, and a particularly frightening large red candlestick appeared on the market chart.
Today, the cryptocurrency market experienced a massive explosion, with a total liquidation of 19.2 billion USD across the network, marking the largest black swan event in the history of the crypto market, far exceeding the 3.12 incident's 3 billion USD liquidation scale. Simply put, this black swan event was a massacre on long positions in the contract market by market makers taking advantage of the news, just that simple.
Surely there aren't still people holding positions, right?$BTC
