Bitcoin's $60,000 Floor Cracks Again, $253M In Longs Flushed: What Prediction Markets Are Pricing

Bitcoin (CRYPTO: BTC) slipped below $60,000 this afternoon, down 6% on the day.

BTC is now down 33% year-to-date and has lost more than half its value since hitting $126,000 last October.

Bitcoin long liquidations have crossed $253 million over the past 24 hours, with longs accounting for 92% of all BTC liquidations, per CoinGlass.

Roughly $92 million of that came in the last hour alone as the cascade accelerated.

It's the first sub-$60,000 print since June 5, when a $1.5 billion liquidation event briefly pushed Bitcoin to $59,100.