BlockBeats News, June 25th, influenced by the fluctuation of the US stock market, Bitcoin experienced a flash crash of 4.8% in nearly 1 hour. At the time of writing, the price of the coin has temporarily rebounded to $59,308.38.

However, during the flash crash, a total of 5 contract positions worth over $10 million each were liquidated, resulting in a net loss of $560 million across the entire network in just under 1 hour.