ChainCatcher report: On Sunday night, Bitcoin plummeted from $67,600 to around $64,700, dropping over 4% within two hours. Other major cryptocurrencies followed suit, with ETH falling 5.77% to $1,861 within 24 hours, XRP dropping 6.42% to $1.33, and SOL sliding 8.3% to $77.60. According to CoinGlass heatmap data, approximately $360 million in long positions were liquidated within one hour.
Bitcoin Drops Below $65,000 as $360 Million in Long Positions Are Liquidated
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Summary
Bitcoin news broke Sunday evening as BTC fell below $65,000, dropping from $67,600 to $64,700 within two hours. The decline triggered over $360 million in long liquidations within one hour, according to CoinGlass. Key altcoins also declined: ETH at $1,861 (-5.77%), XRP at $1.33 (-6.42%), and SOL at $77.6 (-8.3%).
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