Bitcoin liquidation cascade wipes out $646 million in 24 hours

Bitcoin’s drawdown to $115,300 punished the aggressive long leverage piled up in the market. BTC dropped from $117,786 at yesterday’s open to $115,353 in the early hours today, a 2. 1 % slide that masked a deeper intraday swing of about $4,350 between high and low source: https://cryptoslate.com/insights/bitcoin-liquidation-cascade-wipes-out-646-million-in-24-hours/