Bitcoin (BTC) Today: Suffers Flash Crash to $80K on Hyperliquid
CoinDesk
Bitcoin briefly crashed to $80,255 on the Hyperliquid exchange before quickly recovering amid broader market volatility.Summary
Bitcoin (BTC) experienced a sharp, one-minute flash crash on the Hyperliquid exchange, dropping from $83,307 to $80,255 at 7:34 UTC. The price rapidly rebounded to $83,000 immediately afterward. This extreme volatility on Hyperliquid resulted in five accounts being liquidated, totaling $10 million each, with one single liquidation reaching $36.78 million. In contrast, other centralized platforms saw less severe downturns, with prices remaining above $81,000. The broader crypto market was experiencing extreme fear, with Bitcoin dropping below $85,000 and the total market capitalization losing $120 billion in 24 hours.
(Source：CoinDesk)