# Michael Burry

Bitcoin's Rollercoaster: 90,000+ Traders Liquidated as Price Plunges Then Bounces Near $71k

Bitcoin suffered a sharp sell-off before recovering to around $71,000, triggering more than 91,400 forced liquidations and over $300 million in losses in 24 hours. The episode highlights heavy leverage in crypto markets, rising fears about miners and contagion to other risk assets, and an absence of government backstops.