Bitcoin Experiences Flash Crash to $80K on Hyperliquid
Bitcoin (BTC), currently priced at $83,251.17, experienced a brief but sharp drop of $3,000 in just one minute on the Hyperliquid platform. At 7:34 UTC, the cryptocurrency plummeted from $83,307 to $80,255 before quickly rebounding to $83,000.
During this brief downturn, five accounts were liquidated on Hyperliquid, with the largest liquidation totaling $36.78 million, according to BlockPulse data.
On other centralized exchanges, the drop was less severe, with the price remaining above $81,000.
Protocol Research: GoPlus Security
Summary: Bitcoin faced a rapid flash crash on Hyperliquid, losing $3K in a minute, but recovered quickly; however, some traders suffered significant losses.