Bitcoin Breaks Below $60K Twice, $1.27B Liquidations
Bitcoin briefly dipped below $60,000 twice in the past 24 hours before recovering to around $61,000. Total liquidations reached $1.27 billion, with nearly $980 million in long positions.
BTCUSD
Over the past 24 hours, Bitcoin tested the $60,000 support level twice, breaking below it before bouncing back. The cryptocurrency has since been attempting to stabilize near $61,000.
The sudden price action triggered heavy liquidations across the market. Data shows $1.27 billion in total liquidations, of which approximately $980 million were long positions, reflecting the impact of the downside moves on bullish traders.
Source: ForkLog