Bitcoin’s 20-minute drop wipes out $60 billion in crypto value

Bitcoin’s pullback erased about $60 billion in crypto market value in 20 minutes, turning a sharp rally into a broader risk event. BTC fell roughly $3,000 after gaining nearly $30,000 over 90 days, while forced selling hit leveraged traders and crypto-linked stocks. Traders tied the move to heavy whale selling and renewed fears of an October market shock. More than $440 million in long positions were liquidated.