Bitcoin Drops to Four-Month Low as Crypto Selloff Triggers $1 Billion Liquidation Wave

More than 343,000 ETH worth approximately $547 million is at risk of liquidation across DeFi lending protocols as Ethereum continues to trade near key support levels. The largest concentration of risk sits between $1,360 and $1,570, where hundreds of millions of dollars in collateral could be forced into liquidation if prices fall further.

Around 46,700 ETH could be liquidated at $1,565, while another 58,000 ETH faces liquidation near $1,555. Larger clusters emerge at $1,426 and $1,362, representing over $379 million in combined exposure.

The situation matters because forced liquidations can increase selling pressure, potentially accelerating price declines if Ethereum breaks below these levels. Traders are closely watching these zones for signs of further market stress.

Bitcoin fell to $60,461 as selling pressure intensified across the crypto market, triggering more than $1 billion in liquidations over the past 24 hours. The decline has forced many leveraged traders out of their positions, adding further downward pressure on prices.

Large amounts of Bitcoin are reportedly being transferred to exchanges and sold, contributing to the recent weakness. At the same time, broader market uncertainty and risk reduction by investors have weighed on sentiment across digital assets.

The sharp move highlights how quickly crypto markets can react when prices break key support levels. Traders are now watching whether Bitcoin can stabilize near current levels or if additional selling triggers another wave of liquidations.

itcoin has fallen 18% over the past four days, dropping to a four-month low of $60,500 as selling pressure fd across the cryptocurrency market. The decline has triggered more than $1 billion in liquidations over the last 24 hours, forcing many traders out of bullish positions.

The selloff reflects a broader risk-off mood in financial markets, with investors reducing exposure to volatile assets amid concerns about interest rates and economic uncertainty.

Bitcoin has also fallen roughly $13,500 since Strategy disclosed the sale of 32 BTC worth about $2.5 million. While the transaction itself was small relative to Bitcoin’s market size, it added to concerns about demand and market sentiment during an already weak period.