Bitcoin’s price has dropped below $65,000, resulting in $230 million worth of leveraged long positions being liquidated in just 60 minutes. This sharp decline is indicative of a cascading liquidation effect, where under-margined positions are force-closed across exchanges due to the significant volatility driven by recent macroeconomic announcements and shifting trader sentiment. Leveraged trading, which involves using borrowed funds to amplify potential gains, makes these positions particularly vulnerable during sudden market drops.
Bitcoin Drops Below $65,000 After $230 Million in Long Liquidations
