Bitcoin plunges below $60K in a $200B crypto market sell-off. As liquidations top $1.B, Michael Saylor responds to criticism with a new essay.

BTC hits a multi-week low as liquidations cross $1.35 billion. While some blame Strategy BTC sale others point to a summer liquidity slowdown.

Over $1.84 billion in crypto positions were liquidated in 24 hours, with Bitcoin longs accounting for $883M as geopolitical tensions and ETF outflows