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Bitcoin Flash Crash Wipes Out $100B in Crypto Market Value
Bitcoin endured a turbulent weekend after a sudden flash crash shook the cryptocurrency market, wiping out billions in value and sparking widespread liquidations. The world’s largest digital asset dropped abruptly after a single whale transaction destabilized prices, raising fresh concerns about market fragility and the risks posed by concentrated holdings. The spike lower was triggered by a massive whale offload of 24,000 BTC, valued at over $2.7 billion. Blockchain data revealed that the sell order, executed across multiple venues, cascaded through the market and accelerated a price plunge in thin weekend trading ... (full story)
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