Bitcoin experienced a rollercoaster of price movements, pumping and dumping by several thousand dollars in just one hour. This caused significant losses for over-leveraged traders, with more than 120,000 participants getting "wrecked" in the past 24 hours. The volatility may have been triggered by cryptic tweets from US Senator Cynthia Lummis, a prominent Bitcoin supporter, hinting at "big things" to come. While no announcement was made, Lummis's comments reached millions of people, potentially generating hype around Bitcoin. The total value of liquidations reached $300 million, with the largest liquidated position worth nearly $6 million on OKX.



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