🚨 Bitcoin flash crashed from $𝟲𝟭𝗞 𝘁𝗼 $𝟱𝟴𝗞 in under an hour, marking a fresh 21-month low. Total 24-hour liquidations hit $𝟭.𝟮𝟲𝗕 across 209,000 traders, with $430M liquidated in the past hour alone.

• A $1.26B liquidation cascade with BTC breaking below $60K to a 21-month low is a capitulation-level event.
• The speed of the move — $430M in 60 minutes — suggests forced long liquidations triggering further selling, not organic demand exhaustion.
• For traders, the $58K level is now critical: a bounce here could signal a capitulation bottom, but a break lower opens the door to further deleveraging.
• Watch for exchange outflows slowing and funding rates resetting — those are the first signs the flush is done.

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