๐จ Bitcoin flash crashed from $๐ฒ๐ญ๐ ๐๐ผ $๐ฑ๐ด๐ in under an hour, marking a fresh 21-month low. Total 24-hour liquidations hit $๐ญ.๐ฎ๐ฒ๐ across 209,000 traders, with $430M liquidated in the past hour alone.
โข A $1.26B liquidation cascade with BTC breaking below $60K to a 21-month low is a capitulation-level event.
โข The speed of the move โ $430M in 60 minutes โ suggests forced long liquidations triggering further selling, not organic demand exhaustion.
โข For traders, the $58K level is now critical: a bounce here could signal a capitulation bottom, but a break lower opens the door to further deleveraging.
โข Watch for exchange outflows slowing and funding rates resetting โ those are the first signs the flush is done.
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2June 25, 2026 2.4K 8
