Bitcoin took a sudden drop by over $1,000 and took most of the altcoins with it south.
The liquidations have skyrocketed to over $400 million on a daily scale. Moreover, they are north of $200 million in the past hour alone, as BTC and the altcoin field dumped suddenly.
As of now, it has bounced off and stands close to $22,000. However, most altcoins are also deep in the red.
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