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Bitcoin Crashes to $27,000, $183 Million Liquidated

Bitcoin experienced a dramatic crash, falling to an intraday law of $27,242 on the Bitstamp exchange at 20:02 UTC. The sudden fall came after the cryptocurrency had briefly reclaimed the $30,000 mark earlier Today, following a sharp decline in First Republic Bank shares and the escalating banking crisis. This downtown has wiped out the recent gains made by the digital asset. According to the data from CoinGlass, liquidations over the past totaled $183.29 million, with long positions making up $161.21 million (87.96%) and short positions accounting for $22.07 million. Among the major exchanges, Binance saw $62.63 million in liquidations with 92.44% of them being long positions.

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