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Bitcoin drops below $60,000 triggering almost $875 million in liquidations Bitcoin drops below $60,000 triggering almost $875 million in liquidations

Bitcoin drops below $60,000 triggering almost $875 million in liquidations

with insights from Abdalla Kablan

Bitcoin experienced a 10% correction in a day, pulling the rest of the market in the red.

Bitcoin drops below $60,000 triggering almost $875 million in liquidations

Cover art/illustration via CryptoSlate

The cryptocurrency market saw almost $875 million in liquidations on Tuesday, with over 215,000 traders liquidated across multiple exchanges.

According to data from CoinGlass, the largest single liquidation order happened on Binance, where a $10.37 million LTC/USD position was closed.

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