Bitcoin long liquidations have spiked since yesterday as the price of the largest cryptocurrency dropped below the $63,000 mark.
Ether, the second-largest cryptocurrency, also faced significant liquidations, with over $29.1 million liquidated — of which $28.5 million were long positions. Bitcoin, the largest digital asset by market cap, is currently trading at its monthly low of $62,270 — and down over 3.2% in the past 24 hours, according to The Block’s price page. The current price is 15% below the all-time high of $73,740 reached on March 14.Meanwhile, major altcoins have registered bigger drawdowns since yesterday. Data shows ether posting a drop of 4% to $3,371 over the past day, while SOL saw a 7% drop — currently trading at the $125 mark.
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