Bitcoin’s 3/12 Crash Anniversary Highlights Rise From $3,800 to About $70,000
The sixth anniversary revisits the March 12 sell-off, when Bitcoin dropped from $8,000 to $3,800 amid 100,000 liquidations and a BitMEX exchange outage.
Summary
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Terms & Concepts
Liquidation: A forced closing of leveraged trading positions after losses push collateral below required levels.
BitMEX: A cryptocurrency derivatives exchange known for leveraged trading products.
Leverage: Using borrowed funds to increase trading exposure, which can amplify both gains and losses.