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#BTCProbes60KKeySupportLevel
Bitcoin Briefly Touched $58,000, Liquidations Reached $430 Million in One Hour
Bitcoin was observed plunging, briefly touching the $58,100 price area, which officially became the new annual low for 2026 before eventually rebounding 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 past 24 hours reached $1,265 billion, with more than 209.000 traders affected, including more than $430 million that was forcibly liquidated in just the past one hour.
This sharp correction also directly impacted Bitcoin-related stocks, where Strategy Shares (STRC) and MicroStrategy (MSTR), owned by Michael Saylor, were seen weakening as well and briefly traded in the $74 and $86 price areas.
At the same time, the U.S. technology stock index, Nasdaq 100, also wiped out all its intraday gains and turned negative after falling by more than -2% within just 30 minutes. The movements of these two markets ran in parallel amid high volatility.