Sentiment: Negative
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Bitcoin (BTC) Price: $1.6 Billion Wiped Out in 24 Hours as Bitcoin Tests Support – Is the Worst Over?
By Trader Edge at 2026-06-07 14:31
Sentiment: Negative
TLDR Bitcoin fell to a 2026 low of $59,100 before rebounding above $60,000 A $1.6 billion liquidation event wiped out leveraged long positions across crypto markets Strong US jobs data reduced hopes for Fed rate cuts, hitting risk assets hard Analyst Ali Charts says 10.46 million BTC are now held at a loss — a [...] The post Bitcoin (BTC) Price: $1.6 Billion Wiped Out in 24 Hours as Bitcoin Tests Support – Is the Worst Over? appeared first on CoinCentral. Continue reading...
Categories: Analysis
Tags: #Analysis #Bitcoin
Source Coin Central