TechFlow news, August 18 — Jacob King, founder of WhaleWire, posted on social media that although Bitcoin has only dropped by 1%, over $360 million in liquidations have occurred across the market in the past 24 hours, with more than $100 million of those liquidations happening within the last 60 minutes.
Jacob King stated, "This phenomenon highlights the excessively high market leverage seen near all-time highs. When investors rush for the exit simultaneously, the market may face an inevitable risk of a major crash."
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