Bitcoin Price Volatility: Sharp Rally from 14-Month Low Causes $740M in Liquidations

Bitcoin (BTC) experienced extreme volatility on Tuesday, plummeting to a 14-month low before staging a sharp recovery. This dramatic price swing triggered massive liquidations in the cryptocurrency market, totaling approximately $740 million. The sudden downturn and subsequent rally highlight the current instability and high-risk environment for traders. Market analysts point to a combination of macroeconomic pressures and leveraged trading as key factors behind the whipsaw action. This event underscores the importance of risk management in the highly volatile crypto sector.