Bitcoin price tanks by 15% in 10 minutes causing $226M of liquidations on BitMEX

Bitcoin price tanks by 15% in 10 minutes causing $226M of liquidations on BitMEX

Bitcoin fell from $9,500 to $8,100 on Saturday, posting a 14.6% loss in just 10 short minutes. The price has since recovered covered slightly to nearly $8,800. Source: Tradingview Following the sudden drop, liquidations of BTC perpetual swap reached $226 million on BitMEX. Source: Skew The plunge brought the digital asset’s month-long rally to a …

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