Bitcoin slipped below $60,000 as more than $1 billion in crypto positions were liquidated ahead of a roughly $10 billion options expiry, with traders closely watching whether bulls can defend key support.
Bitcoin has fallen below $60,000, triggering a wave of liquidations that exceeded $1 billion across the crypto market.Notable Statistics:
Coinglass data shows 148,895 traders were liquidated in the past 24 hours for $1.08 billion.
SoSoValue data shows net outflows of $469.08 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $30.2 million.
In the past 24 hours, top losers include MemeCore, Mantle and Pump.fun.
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