The decline in Bitcoin continues to deepen day by day. While Bitcoin briefly approached the $70,000 mark, today it fell below $70,000 on Binance.
At this point, Bitcoin has fallen below $70,000 for the first time in about 15 months since November 2024.
According to Binance data, BTC fell below $70,000 and dropped to around $69,250.
Bitcoin is currently trading in the $69,000-$70,000 range, having fallen by more than 8% in the last 24 hours.
Furthermore, Ethereum and altcoins continue to experience sharp declines. ETH fell 7.6% in 24 hours to $2,070.
This sharp decline also triggered a massive liquidation chain in futures trading. Approximately $1 billion worth of positions were liquidated in the last 24 hours. Of this, $797 million came from long positions and only $161.5 million from short positions.
Bitcoin investors accounted for the largest share of liquidations:
BTC: $453 million
ETH: $234 million
SOL: $70.6 million
XRP: $33.4 million
In the last 24 hours, 206,074 traders were liquidated, with the largest liquidation occurring on Aster in the BTC/USDT trading pair ($11.3 million).
Bitcoin continues to trade at $69,300.
*This is not investment advice.
