Bitcoin flash crash below $68,000 triggers around $400 million in liquidation in under an hour
- Bitcoin just executed a $400 million liquidation event in under an hour, dropping below $68k. The culprit? Strategy (formerly MicroStrategy) selling 32 BTC to pay dividends. Yes, the "HODL" king sold. The market reacted with the subtlety of a sledgehammer. Longs got rekt while shorts watched their $10M losses with mild amusement. Pierre Rochard blames AI liquidity vacuums and hawkish Fed rates, but let’s be real: leverage is the real villain here. You bet the farm on moonshots, and now you’re paying for it. The network fundamentals are fine, but your portfolio isn’t. Stop over-leveraging and start reading balance sheets.