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Bitcoin’s price drop after TradingView glitch causes panic

Bitcoin’s price fell 4% on December 26, 2024, due to a TradingView error. The inaccurate report showed Bitcoin dominance at 0%, sparking panic among traders. As a result, the price dropped to 95,000 USD, disrupting the positive trading momentum post-Christmas.

Within just four hours, approximately 33 million USD in Bitcoin long positions were liquidated, highlighting significant market instability. This was triggered by erroneous dominance data, leading to rapid sell-offs and increased market volatility, emphasizing sensitivity to technical mishaps in cryptocurrency trading.

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