Total cryptocurrency liquidations topped $1 billion in a 24-hour period, driven by bitcoin plunging to a 2026 low of $59,018.
Key Takeaways:
Crypto liquidations topped $1B on Thursday after bitcoin hit a 2026 low of $59,018.Critics warn that the market correction leaves the derivatives space overcrowded with bitcoin and ethereum shorts.Analyst Pepesso warns a Bitcoin rally to $69,500 could trigger a massive $4.7B short squeeze.
