$1 Billion In Crypto Futures Rekt After Bitcoin Rollercoaster
Summary
Bitcoin reached a new all-time high of over $69,000 but quickly crashed, causing over $1 billion in cryptocurrency futures contracts to be liquidated. The market experienced extreme volatility, leading to a long squeeze with more than 75% of the liquidations involving long contracts. Both Bitcoin and Ethereum contributed to less than half of the total liquidations, indicating high speculative interest in altcoins.
