Crypto Traders Lose $1B in 24 Hours as Short Sellers Face Rising Pressure

Bitcoin Implodes To $59,000, Takes Down Ethereum, XRP, Dogecoin In $1 Billion Liquidation Wipeout

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.