Traders betting on a Bitcoin and crypto bounce are getting wrecked to start the week. Bitcoin dropped from a 24-hour high of $67,695 to as low as $63,962, triggering a total of $616.41 million in liquidations, according to CoinGlass. The vast majority of the liquidations hit traders going long, coming in at $524.28 million.
$616,410,000 in Bitcoin and Crypto Liquidated As BTC Price Drops To $64,000
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Bitcoin fell from a 24-hour high of $67,695 to an intraday low of $63,962, triggering $616.41 million of liquidations, CoinGlass data show. Long positions accounted for $524.28 million of the liquidations.
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