Bitcoin BTC$82,585.21, the leading cryptocurrency by market value, experienced a brief flash crash at 7:34 UTC on Hyperliquid, plunging from $83,307 to $80,255 within a minute only to bounce back equally fast to $83,000.
During that interval, Hyperliquid saw five accounts liquidated, each worth $10 million, with the single largest liquidation amounting to $36.78 million, according to data shared by BlockPulse.
On other centralized platforms, the downturn was notably less severe, with lows remaining well above $81,000.
BTC/USDC’s flash crash on Hyperliquid. (Hyperliquid)