Overnight, Bitcoin has demonstrated a sudden major correction as it plunged over ten percent and lost more than 2,000 USD.
The flagship cryptocurrency tanked from the $19,300 zone below $17,000, trading in the $16,900 area at press time.
Glassnode node analytics firm has reported that two major long BTC futures liquidations took place at that time with a difference in several hours.
Hourly liquidations of long positions on Bitcoin futures were recorded: worth $262 million at 3:00 a.m. UTC and $163 million at 8:00 a.m. UTC.