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#BTCProbes60KKeySupportLevel
Bitcoin Briefly Touched $58,000, Liquidations Reach $430 Million in One Hour
Bitcoin was observed to collapse, briefly touching the price area of $58,100, which officially became the new lowest level of the year 2026 before rising back to the $60.00 area at the time of this article's publication. Citing on-chain data from Coinglass, total liquidations across the entire market in the last 24 hours reached $1.265 billion with more than 209,000 traders affected by liquidations, including more than $430 million that were forcibly liquidated in just the last hour.
This sharp correction also directly impacted Bitcoin-affiliated stocks, where Michael Saylor's Strategy Shares (STRC) and MicroStrategy (MSTR) were observed to weaken as well and briefly touched the price areas of $74 and $86.
At the same time, the US technology stock index, Nasdaq 100, also erased all its daily gains and turned negative due to a drop of more than -2% in just 30 minutes. The movements of these two markets are running parallel amid high volatility.