Bitcoin Price Plunges Below $70,000 as Liquidations Reach $622 Million
Key Highlights Bitcoin fell below $70,000, triggering a wave of leveraged long liquidations. Long liquidations reached $549 million, compared with $72.46 million in short liquidations, according to CoinGlass. Ethereum and Solana recorded approximately $120 million and $23 million in liquidations, respectively. Bitcoin’s Break Below $70,000 Triggers Liquidation Cascade Bitcoin’s decline accelerated after the cryptocurrency broke ...