Worst than March 2020? Bitcoin price dives below $33K

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Bitcoin (BTC) fell by $8,000 in hours on May 19 as hodlers saw a return of levels not seen since the start of February.Bitcoin comes for leveraged traders... again
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stumbling to new lows of $32,200 on Wednesday.
Selling pressure, already high, kept coming as claims of a fresh Chinese crackdown combined with a stocks rout and a strengthening U.S. dollar.
In what is being called by some a "capitulation bottom," Bitcoin failed to hold $40,000 support and began brief freefall below its significant 200-day moving average.
While the dip in dollar terms was average by Bitcoin's standards, it caused mayhem among speculative traders, with a single hour seeing $2.7 billion of liquidations. Total 24-hour liquidations stood at $6.5 billion.
"Long leveraged traders liquidation spike on that move down in the past hour," Philip Swift, co-founder of analytics resource LookIntoBitcoin, tweeted alongside a chart. Source