Bitcoin’s drop toward the $59,000 area triggered a fresh leverage flush, with CoinGlass data showing heavy futures liquidations across the crypto market.
TL;DR
Bitcoin briefly pushed below the closely watched $60,000 level.
CoinGlass data showed crypto liquidations swelling above $1 billion during the move.
The flush keeps attention on leverage, ETF flows and options positioning.
Bitcoin Breaks A Key Psychological Level
Bitcoin’s latest sell-off pushed the market back into a familiar danger zone: a fast break of a psychological support level followed by a broad liquidation cascade. CoinGlass data showed liquidations across crypto futures climbing above $1 billion as traders were forced out of leveraged positions during the move toward the $59,000 area.
The break matters because $60,000 has been more than a round number. It has acted as a reference point for dip buyers, options traders and macro-focused funds trying to decide whether the recent drawdown is a normal le
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