Bitcoin Erases Post-Election Gains: The Anatomy of a $2.7 Billion Leverage Flush
Global Cryptocurrency Markets, December 2024: Bitcoin has violently erased the substantial gains it recorded following the November 2024 U.S. presidential election. A cascade of liquidations totaling over $2.7 billion in leveraged derivatives positions triggered a precipitous decline, pushing the price from a peak near $126,000 to briefly flirt with the $60,000 level before finding tentative […]
