00:00and 1.68 billion dollars that's how much got wiped out in crypto
00:05liquidations in just 24 hours as Bitcoin crashed to $83,000.
00:10But 270,000 traders got liquidated globally.
00:13This is one of the biggest liquidation events we've seen.
00:15Bitcoin fell nearly 6% breaking decisively below its
00:20critical $85,000 support level, Ethereum dropped to $2,754.
00:25The entire crypto market cap fell below $3,000,000,000 but here's what made this crash go
00:30viral.
00:31Long positions got absolutely destroyed $1.57 billion in longs.
00:35Bitcoin wiped out the largest single liquidation, an $80,000,000 Bitcoin order.
00:40Social media exploded with hashtags like Bitcoin crashed.
00:45Trending globally.
00:46Meanwhile, some altcoins like ROSE actually surged $60,000.
00:50Bitcoin has now fallen below its 100-week moving average.
00:55It's around $85,000.
00:56Analysts are watching $75,000 as the next major support zone.
01:00The same level that held during April's sell-off.
01:03The question now, is this just a healthy correction?
01:05Or are we heading lower?
01:06Are we heading lower?
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