Bitcoin $78K Crash Explained: How Leverage Liquidations Triggered a Cascading Sell-Off

TLDR: Bitcoin dropped from $78,000 to below $77,000 in one hour, erasing over $100M in leveraged long positions. Weekend order books lacked institutional depth, making prices far more sensitive to forced market sell orders. Whales and hedge funds actively target liquidation clusters to trigger cascades and buy assets at lower prices. Open interest has rebuilt [...]

The post Bitcoin $78K Crash Explained: How Leverage Liquidations Triggered a Cascading Sell-Off appeared first on Blockonomi.