$190 Million In Crypto Longs Caught Off Guard As Bitcoin Retraces Under $66,000

Bitcoin's drop below $66,000 triggered $267 million in crypto liquidations over the past day, with $190 million specifically from long positions. This mass liquidation event caught leveraged traders off guard as the market experienced a significant pullback.

• →Bitcoin fell below the $66,000 support level, triggering widespread liquidations.
• →$267 million in total crypto liquidations occurred over the past 24 hours.
• →$190 million of the liquidations came from long positions being forced to close.
• →Leveraged traders betting on price increases were caught off guard by the sudden downturn.
• →The liquidation data suggests high leverage was present in the market before the drop.