Bitcoin’s Drop to Under $64K Results in Over $200 Million in Liquidations

Bitcoin’s price stood tall above $66,000 for a few days and even challenged $67,000 on a couple of occasions but to no avail. The subsequent rejection brought enhanced pain for the bulls and over-leveraged traders with long positions, as the total value of liquidations on a daily scale has soared to more than $200 million.

In a matter of a few hours, the asset slumped to $64,500 before another leg down pushed it to a multi-day low of under $63,600. Despite recovering a few hundred grand since then, BTC is still well in the red at just over $64,000.

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