It has been a bloodbath on Wall Street on Tuesday, with top US indices like the S&P 500 correcting more than 2%.
The Bitcoin price is also facing strong correction, dropping another 4.5% and moving to $56,500 levels, leading to a surge in the BTC long liquidations.
Bitcoin liquidations are surging amidst the market downturn, raising concerns of a potential 75% crash in Bitcoin’s value.
