{"id":3850,"date":"2024-12-06T17:04:55","date_gmt":"2024-12-06T17:04:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3850"},"modified":"2024-12-06T17:04:55","modified_gmt":"2024-12-06T17:04:55","slug":"bitcoins-thursday-flash-crash-wiped-out-500-million-whats-driving-the-volatility","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3850","title":{"rendered":"Bitcoin&#8217;s Thursday Flash Crash Wiped Out $500 Million: What&#8217;s Driving The Volatility?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong>\u2018s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) volatile trading around the $100,000 mark has sparked heated debate about what it driving <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">the increased volatility<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>On Thursday, Bitcoin reached $103,000 before experiencing a sharp flash crash to $92,000, driven by aggressive profit-taking and cascading liquidations in an overheated derivatives market. <\/p>\n<p>According to Coinbureau co-founder <strong>Nic Puckrin<\/strong>, realized profits hit their highest levels since November 2021, echoing a past scenario that triggered a significant correction.<\/p>\n<p>The crash wiped out $500 million in liquidations within 24 hours but found support in the $92,000\u2013$94,000 liquidity zone. BTC has since rebounded, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42368258\/bitcoins-thursday-flash-crash-wiped-out-500-million-whats-driving-the-volatility\" alt=\"Bitcoin's\" thursday flash crash wiped out million: what driving the volatility>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2018s (CRYPTO: BTC) volatile trading around the $100,000 mark has sparked heated debate about what it driving the increased volatility. What Happened: On Thursday, Bitcoin reached $103,000 before experiencing a sharp flash crash to $92,000, driven by aggressive profit-taking and cascading liquidations in an overheated derivatives market. According to Coinbureau co-founder Nic Puckrin, realized profits [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3850","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3850"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3850\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}