Bitcoin Plunge: $40 Million Liquidation Highlights Volatile Market Crash

Cryptocurrency markets experienced a brutal 24 hours yesterday, with Bitcoin plummeting over 10% – equivalent to a staggering $10,000 drop in USD. This significant price shift caused widespread liquidations, reaching nearly $1.6 billion in just a single day. Among these losses, one individual trader on the Justin Sun-affiliated exchange, HTX, suffered a mind-blowing $39.62 million liquidation, representing over 5% of all BTC positions impacted by this crash.