Crypto market flash crash results in over $70 million in liquidations across the network within an hour

BlockBeats news, on April 27, as Bitcoin briefly and rapidly dropped below $78,000, Ethereum fell more than 2.4% within about an hour, bringing a wave of rapid liquidations to the crypto market. According to Coinglass data, in nearly 1 hour, total liquidations across the entire network exceeded $70 million, of which long positions were liquidated for $68.32 million.