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#BTCProbes60KKeySupportLevel
Bitcoin Briefly Touched $58,000, Liquidations Reached $430 Million in One Hour
Bitcoin was observed collapsing until it briefly touched, touched the price area of $58,100, which officially became the new lowest level of 2026 before eventually rising 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 with more than 209,000 traders being liquidated, including over $430 million forcibly liquidated in just the last one hour.
This sharp correction also directly impacted Bitcoin-affiliated stocks, where Michael Saylor's Strategy Shares (STRC) and MicroStrategy (MSTR) were observed weakening as well and briefly touched the price areas of $74 and $86.
At the same time, the US technology stock index, the Nasdaq 100, also erased all its daily gains and turned negative due to a drop of more than -2% in just 30 minutes. The movement of these two markets ran parallel amidst high volatility.