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#BTCProbes60KKeySupportLevel
Bitcoin Briefly Touched $58,000, Liquidations Reached $430 Million in One Hour
Bitcoin was observed falling, briefly touching the $58,100 price area, which officially became the new lowest level of 2026 before it eventually climbed back to the $60.00 area at the time this article was published. Citing on-chain data from Coinglass, total liquidations across the entire market in the last 24 hours reached $1,265 billion, affecting more than 209,000 traders, including more than $430 million that was forcibly liquidated in just the last hour.
This sharp correction also directly impacted stocks affiliated with Bitcoin, where shares of Strategy Shares (STRC) and MicroStrategy (MSTR) owned by Michael Saylor were seen weakening and briefly touching the $74 and $86 price areas.
At the same time, the U.S. technology stock index, the Nasdaq 100, also erased all of its daily gains and turned negative after falling by more than -2% in just 30 minutes. The movements of both markets ran in parallel amid high volatility.