Bitcoin Drop Below $64,000 Triggers $691 Million in Hourly Liquidations

Bitcoin (BTC) fell below $64,000, triggering $691 million in crypto liquidations across the market in one hour, with long positions accounting for nearly all of the total.

Long positions accounted for $671 million, while short positions made up $19.51 million. The long-side figure represents about 97% of the stated total. By value, long liquidations were roughly 34 times the short-side amount.

The two category figures add to $690.51 million, or $490,000 less than the headline total. Rounded to the nearest million, their combined value is $691 million.

Bitcoin’s decline was the trigger, but the liquidation figure covers the total crypto market rather than BTC alone.

Long positions accounted for nearly all reported liquidations as Bitcoin dropped below $64,000.