Why Did Bitcoin’s Price Slump by $2K in 20 Minutes?

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Bitcoin fell roughly $2,000 in 20 minutes amid a sharp, market-wide sell-off, with leveraged long liquidations amplifying the move. The decline followed reports of escalating geopolitical tensions and broader risk aversion, though the immediate trigger was not definitively established. The episode underscores how thin liquidity and crowded leverage can magnify Bitcoin’s volatility, even without a Bitcoin-specific catalyst.

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