<p>Over the past several hours, bitcoin prices fell from $9,750 to as low as $8,590— a downswing of over 10%. According to data from <a href="https://app.rek.to">Rekto</a>, over the past 24 hours, derivatives exchange BitMEX saw over $380 million worth of XBT Perpetual Swap contracts liquidated. The low represents a new bottom over the past three months.</p> <figure class="graf graf--figure"><img class="graf-image aligncenter" src="https://cdn-images-1.medium.com/max/1600/1*2Igy-z4ibcP2RGQRFMzxuw.png" data-image-id="1*2Igy-z4ibcP2RGQRFMzxuw.png" data-width="2252" data-height="1156" /></figure>