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cryptoJun 5, 2026, 4:14 PM

Bitcoin Drops Below $60K as Leveraged Position Liquidations Top $1.5B

Bitcoin fell under the $60,000 mark amid mounting selling pressure. Total liquidations of leveraged crypto positions have surged to $1.5 billion in the past 24 hours.

BTCUSD

Bitcoin has slipped below the psychologically important $60,000 level as sellers intensify their activity.

According to market data, the total value of leveraged cryptocurrency positions liquidated over the last 24 hours now stands at $1.5 billion — a clear sign of forced selling amid the decline.

Source: The Kobeissi Letter