{"id":318810,"date":"2023-04-19T10:31:14","date_gmt":"2023-04-19T09:31:14","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=318810"},"modified":"2026-04-17T09:36:20","modified_gmt":"2026-04-17T08:36:20","slug":"bitcoin-breaks-below-30000-in-flash-crash-event-altcoins-bleed","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-breaks-below-30000-in-flash-crash-event-altcoins-bleed\/","title":{"rendered":"Bitcoin breaks below $30,000 in flash crash event; altcoins bleed"},"content":{"rendered":"

At 09:00 BST, Bitcoin (BTC<\/a>) lost $30,000, sinking as low as $29,010 at the time of press \u2014 a 3.6% drawdown.<\/p>\n

A bounce saw the 09:15 BST 15-minute candle close at $29,285. However, bears continue piling on the selling pressure \u2014 dipping the subsequent candles in readiness for a retest of $29,010 support.<\/p>\n

\"Bitcoin
Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n

Twitter user @VetleLunde<\/a>, an analyst at K33 Research, noted that Bitcoin Open Interest on Binance “puked 5.1% in the last 15 minutes.”<\/p>\n

The chart below shows the number of open contracts sinking to approximately 94,300 \u2014 from 99,587.<\/p>\n

\"Bitcoin
Source: @VetleLunde on Twitter.com<\/a><\/figcaption><\/figure>\n

In response, the total crypto market cap lost $40.2 billion over the last 15 minutes \u2014 representing a 3% loss in value to $1.228 trillion at the time of press.<\/p>\n

Over the past hours, the biggest top 100 altcoin losers were Dash, MultiversX, and CurveDAO Token, down 4.4%, 4.1%, and 4%, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

At 09:00 BST, Bitcoin (BTC) lost $30,000, sinking as low as $29,010 at the time of press \u2014 a 3.6% drawdown. A bounce saw the 09:15 BST 15-minute candle close at $29,285. However, bears continue piling on the selling pressure \u2014 dipping the subsequent candles in readiness for a retest of $29,010 support. Twitter user […]<\/p>\n","protected":false},"author":460,"featured_media":318824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,6849],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nBitcoin breaks below $30,000 in flash crash event; altcoins bleed<\/title>\n<meta name=\"description\" content=\"Bitcoin price sunk as low as $29,010 on April 19 \u2014 as derivative open interest also tanked in a price flash crash.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-breaks-below-30000-in-flash-crash-event-altcoins-bleed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin breaks below $30,000 in flash crash event; altcoins bleed\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price sunk as low as $29,010 on April 19 \u2014 as derivative open interest also tanked in a price flash crash.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-breaks-below-30000-in-flash-crash-event-altcoins-bleed\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-19T09:31:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-17T08:36:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/market-correction.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Wan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Wan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-breaks-below-30000-in-flash-crash-event-altcoins-bleed\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-breaks-below-30000-in-flash-crash-event-altcoins-bleed\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/samuel-wan\/#person\",\"name\":\"Samuel Wan\",\"url\":\"https:\/\/cryptoslate.com\/author\/samuel-wan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/samuel-wan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/samuel-wan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/samuel-wan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/samuel-wan-author-300x300.jpg\",\"caption\":\"Samuel Wan\"},\"jobTitle\":\"Analyst\",\"description\":\"Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/WanSamuel\"]},\"headline\":\"Bitcoin breaks below $30,000 in flash crash event; 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