Bitcoin Crashes from $79K to $77K Triggers $547M in Liquidations

Bitcoin's recent flash crash saw it drop from above $79,000 to around $77,000, triggering approximately $547 million in crypto liquidations. The sudden sell-off pushed buyers out of the market before they could react and recapture their losses.

The price correction was substantial enough that BTC fell 0.43% by the time of writing. Bitcoin had reached its highest level at about $79,500 just prior to the crash, leading some to wonder how low it might drop in response.