Bitcoin Falls Below $63,000 as $1.1 Billion in Leveraged Positions Liquidated in 24 Hours
Suehyeon Lee
Summary
- Bitcoin extended its decline and at one point fell below $63,000.
- Bitcoin dropped below $63,000 during the session, marking its lowest level since Feb. 24.
- $1.1 billion in leveraged positions were forcibly liquidated across the cryptocurrency market over the past 24 hours.
Forecast Trend Report by Period
Bitcoin extended its decline and briefly fell below $63,000, as a broad market selloff triggered a wave of leveraged liquidations.
The Kobeissi Letter said on June 3 that Bitcoin dropped below $63,000 during the session, marking its lowest level since Feb. 24.
The selloff also sparked large-scale liquidations across the crypto market. Over the past 24 hours, $1.1 billion in leveraged positions were forcibly liquidated, according to The Kobeissi Letter.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
