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.