tldr; A sudden drop in Bitcoin's price on December 5 led to the liquidation of $303 million in long positions as the price fell 5.47% within minutes, briefly dipping below $93,000. The price quickly rebounded to $96,410. This sharp decline resulted in total liquidations of $404 million over 24 hours. Analysts suggest this may mark the end of a market 'flush,' with potential for further decline if investors are spooked. The event followed Bitcoin reaching a new all-time high of $104,000, indicating a possible consolidation phase ahead.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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