Bitcoin drops nearly $2,000 in 20 minutes as $400 million in longs get liquidated
- —BTC fell from $71,765 to $67,895 in 20 minutes, lowest since April
- —About $394 million liquidated in an hour, $384 million from longs
- —Bitcoin longs lost $209 million, Ethereum $87 million, Solana $27 million
- —Total 24-hour liquidations reached roughly $1.02 billion
Why it matters: The flush cleared out crowded leverage; the key question now is whether Bitcoin can reclaim the support levels it lost or whether they become resistance.
Source: Crypto Briefing