Traders betting against bitcoin lost $504 million over 24 hours as it bounced from below $60,000, though a fresh Iran-Israel flare-up pulled prices back on Monday.

Bitcoin hits a 2026 low of $59,100, $1.75B liquidated, record ETF outflows, and over half of all BTC now held at an unrealized loss.

Bitcoin fell to $59,227 as a strong US jobs report triggered $172M in BTC long liquidations within an hour, with total crypto liquidations reaching $1.6