Bitcoin flashed down to $73,510 before the weekly K-line close, liquidating $715 million of long positions in one hour, and the ETH/BTC rate simultaneously flashed down 4.22%

On November 9, according to HTX market data, as Bitcoin approached the close of its daily and weekly candlesticks this morning, it experienced a sudden crash and sharp plunge, dropping 2.77% within 15 minutes, briefly falling to $73,510, before gradually recovering and rebounding to its initial level before the flash crash. It is now trading at $75,418. According to Coinglass data, Bitcoin suffered $74.5 thousand in liquidations within this hour, almost entirely long positions ($715 million), while short positions only incurred $29.62 million in liquidations. The largest liquidations were for Bitcoin and Ethereum, amounting to $343 million and $229 million respectively. Notably, Ethereum performed even more weakly during this flash crash, plunging 7.3% within 15 minutes and touching a low of $2,060, but subsequently only managed to narrow its losses to a maximum of 2.42%, with its current price at $2,151, still down 3.22% from its starting point. Data shows that the ETH/BTC exchange rate fell by 4.22% during this flash crash, now standing at 0.0285, reaching a new low since its peak in September.