Crypto News, Bitcoin (BTC) has fallen to approximately $62,400 after experiencing volatility from options expiration, long position liquidations, and concerns over corporate Bitcoin sell-offs, dropping nearly 3% in the past 24 hours, with a low of $62,300.
This decline continues the losses following the expiration of about $2.13 billion worth of Bitcoin and Ethereum options contracts.
Data shows that nearly $136 million worth of Bitcoin positions were liquidated in the past 24 hours, with about $122 million coming from long positions.
Analysts point out that Bitcoin is trying to maintain its key support zone between $61,000 and $62,000; if this level is broken, it could accelerate a correction.
This decline continues the losses following the expiration of about $2.13 billion worth of Bitcoin and Ethereum options contracts.
Data shows that nearly $136 million worth of Bitcoin positions were liquidated in the past 24 hours, with about $122 million coming from long positions.
Analysts point out that Bitcoin is trying to maintain its key support zone between $61,000 and $62,000; if this level is broken, it could accelerate a correction.