
Crypto
Bitcoin Longs Worth $700M Liquidated as Price Falls Below $60K
Over $700 million in Bitcoin long positions were wiped out as BTC slipped under $60,000, reflecting weak demand and sustained losses across the market.
By Jordan Blake2 min read
Topic

Over $700 million in Bitcoin long positions were wiped out as BTC slipped under $60,000, reflecting weak demand and sustained losses across the market.

Bitcoin fell below $60,000 triggering a wave of forced selling across crypto markets, with $895 million in positions liquidated in a sharp sell-off.

Bitcoin traders took a heavy hit as liquidations topped $169 million, raising fresh concerns about long squeeze risks in a weakening market.