BREAKING: Yesterday's crypto liquidation led to Bitcoin's first ever $20,000 daily swing. Bitcoin alone erased -$380 BILLION in market cap over just 8 hours. That's more than the market cap of all but 25 public companies in the world. x.com/KobeissiLetter/status/19…
It's official: Crypto just saw its LARGEST liquidation event in history with 1.6 MILLION traders liquidated. Over $19 BILLION worth of leveraged crypto positions were liquidated in 24 hours, 9 TIMES the previous record. Why did this happen? Let us explain. (a thread) https://x.com/KobeissiLetter/status/1977005754289996073/photo/1
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