Crypto liquidations surge past $1.9 billion as Bitcoin nears $63,000

Long positions took the brunt of the damage at $1.8 billion, on-chain data shows. Crypto liquidations surged past $1.9 billion in the past 24 hours as Bitcoin plunged to $63,320, its lowest level since mid-August, extending a decline that took it below $69,000 on Friday. Long positions accounted for roughly 93% of the $1.9 billion in liquidations, totaling $1.8 billion, while short liquidations reached $123.5 million, CoinGlass data shows. Selling accelerated over the final four hours of the period, when $925 million in positions were wiped out, almost all of them bullish bets.