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