Bitcoin Flash Crashes 4.8% in One Hour, $560 Million in Liquidations on June 25

BTC-1.19%
According to BlockBeats, on June 25, Bitcoin flash crashed 4.8% in one hour amid U.S. stock market volatility, before recovering to $59,308.38. The sharp move triggered $560 million in liquidations across the market, including five liquidation events exceeding $10 million each.
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GateUser-735fe978vip
· 1h ago
In terms of core assets, BTC user assets grew from 17,216 in the previous period to 19,054, with the platform holding reserves of 25,292, giving an excess reserve ratio of 32.73%; ETH user assets stood at 344,935, with the platform holding reserves of 423,960, and the excess reserve ratio rose to 22.91%. In terms of stablecoins, USDT user assets were 1.42B coins, with platform reserves of 1.43B coins, giving an excess reserve ratio of 1.00%; USDC user assets were 89 million coins, with platform reserves of 117 million coins, giving an excess ratio of 30.75%; USD1 user assets grew from 6.82 million in the previous period to 712 million coins, with platform reserves of 782 million coins, giving an excess ratio of 9.87%; GUSD user assets further increased from 108 million in the previous period to 185 million coins, with platform reserves of 319 million coins, giving an excess ratio of 72.81%.
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