Data shows the plunge in Bitcoin and the altcoins has sent a shockwave through the derivatives market, resulting in massive long liquidations.

Bitcoin Has Just Witnessed A Crash To $104,000

Last Friday was a shock for the cryptocurrency market and it seems this Friday is continuing the trend as Bitcoin and company have just seen another leg down. The below chart shows how BTC’s recent price action has looked.

From the graph, it’s visible that shortly after the earlier crash, Bitcoin saw a rebound back to $116,000, giving investors hope for a market recovery. This surge, however, has now turned out to be just a dead-cat bounce.

With a plunge of over 6% in the last 24 hours, BTC has returned to the $104,200 level. The altcoins have faced even heavier losses, with Ethereum being down alm

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