<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-11/47edcab0-8999-4402-be19-69c80a04a72a.jpg"></p><p>Bitcoin drops $1,000 in just one hour as a cascade of liquidations greets late Bitcoin long positions.</p>