Bitcoin 5% flash crash leads to $165M in leveraged crypto liquidations

) on Tuesday has seen traders with leveraged exposure to Bitcoin and other cryptocurrencies rack up over $165 million in losses in less than 2 hours.

Bitcoin plunged 5% from $69,450 to as low as $65,970 in less than 30 minutes, in early hours on March 2 UTC, per TradingView data.

BlackRock’s ETF stood as the best-performing fund with a net inflow of $165.9 million, while Fidelity came in second with $44 million.However, the inflows were weighed down by Grayscale’s GBTC posting $302 million in outflows, bringing the net daily outflows for all the funds to $85.7 million.Tether experienced a brief wobble on some price tracking sites. Source: CoinGecko

It’s unclear if the USDT wobble was an error in the API of certain data trackers or if the value of the currency suffered a sudden loss — however, the brief depeg did not appear on other price trackers.ZachXBT onboarded as custodian for return of funds in $63M Munchables exploitHighest monthly close ever — 5 things to know in Bitcoin this week

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