According to @KobeissiLetter, yesterday’s crypto liquidation triggered Bitcoin’s first-ever $20,000 daily swing, highlighting an extreme intraday range for BTC (source: @KobeissiLetter). According to @KobeissiLetter, BTC’s market cap fell by approximately $380 billion within about 8 hours during the move (source: @KobeissiLetter). According to @KobeissiLetter, the $380 billion drawdown exceeds the market value of all but 25 public companies globally, underscoring the severity of the volatility event for market participants (source: @KobeissiLetter).