Crypto Liquidations Top $1.9 Billion as Bitcoin Slides to $63,320

Bitcoin fell as low as $63,320 on Saturday, its lowest level since mid-August, while crypto traders absorbed more than $1.9 billion in liquidations over the prior 24 hours. It had dropped below $69,000 on Friday. Bullish positions made up roughly 93% of the total, or $1.8 billion. Short positions accounted for $123.5 million, leaving losses heavily concentrated among traders positioned for prices to rise. The pace accelerated late in the period: $925 million in positions were liquidated in its final four hours, almost all bullish bets.