Crypto Liquidations Top $628 Million in an Hour as Binance Hack Fears Sink Bitcoin
AI summary
Crypto liquidations reached $628 million within a single hour as fears of a Binance hack pushed Bitcoin below $79,000. The sharp drop triggered forced selling across leveraged positions, amplifying the downside move. Traders should watch for confirmation or denial of the Binance hack claims, since that will likely determine whether the selloff deepens or reverses.
