Key Takeaways:
Bitcoin fell to $61,310 before fluctuating near $64,000 amid a major crypto market downturn.A massive market sell-off triggered $1.73 billion in total leveraged liquidations across platforms.Bitget Wallet warns that persistent outflows could force a future bitcoin retest of $55,000 to $57,000.Nicolai Sondergaard, a research analyst at Nansen, argued that market participants are using the move off $61,000 to reduce exposure rather than add to it.
