Bitcoin wipes nearly a week of gains in 20 minutes, falling under $41K

The price of Bitcoin suddenly dropped 6.5% to fall below $41,000 on Dec. 11, wiping out around five days of gains.

The price of Bitcoin (BTC) briefly fell below $41,000 following a sudden 6.5% drawdown from $43,357 to as low as $40,659 in just 20 minutes at 2:15am on Dec. 11 (UTC). 

At the time of publication, Bitcoin was trading slightly up from the local low at $41,960 per TradingView data. 

According to data from CoinGlass the brief drop caused more than $271 million worth of long positions to be liquidated. 

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