Bitcoin Briefly Drops Below $62,000 as $1.5 Billion in Crypto Longs Get Wiped Out

Over $600M in Bitcoin Longs Liquidated As BTC Price Nears $60K

Many traders expect Bitcoin to stage a short-term relief bounce toward $70,000, but the overall picture still remains bleek for the BTC bulls in the short term.

Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out

Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.

Bitcoin Slides Below $63K as $1.1B Crypto Positions Wiped Out

Bitcoin experienced a significant downturn, falling below the $63,000 mark for the first time since February 24 as selling pressure intensified across the cryptocurrency market. The decline sparked a wave of liquidations in leveraged trading positions, resulting in more than $1.1 billion worth of crypto positions being erased within a 24-hour period. The leading cryptocurrency faced heavy downward momentum as traders reacted to market volatility…

Bleeding Bitcoin Holders Signal Stress — $60K Becomes Critical Battleground

Bitcoin’s futures market is flashing a warning that analysts say could mean more pain ahead. Open interest climbed to roughly 288,000 BTC even as prices fell, with funding rates holding positive at 0.083% — a sign that bullish bets remain in place despite the selloff, leaving the market exposed to another wave of forced liquidations. Bitcoin Liquidations Hit Hardest Since February About $672 million in Bitcoin positions were wiped out in 24 hour…

Bitcoin Price Plunges Below $62,000, Erasing Months Of Gains

Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300.

$883M in Bitcoin longs wiped as crypto liquidations hit $1.84B in 24 hours

The massive crypto liquidation highlights the volatility and risks of leveraged trading, potentially deterring institutional investors and impacting market stability. The post $883M in Bitcoin longs wiped as crypto liquidations hit $1.84B in 24 hours appeared first on Crypto Briefing.