Bitcoin falls under $68,000 with traders betting move to low-$60,000s
Yahoo Finance·2026-02-05 23:15

Bitcoin slid under the 68,000levelinU.S.morninghoursThursday,extendingaweeklongselloffthathastrackedweaknessacrossglobalriskassetsanddeepenedconcernsaboutneartermdownside.Cryptoliquidationsexceeded68,000 level in U.S. morning hours Thursday, extending a week-long selloff that has tracked weakness across global risk assets and deepened concerns about near-term downside. Crypto liquidations exceeded 1 billion over the past 24 hours, wiping out about 980millioninbullishleveragedbetsastheslideforcedtraderstoclosepositionstheycouldnolongerkeepfunded.Thepricefellbelow980 million in bullish leveraged bets as the slide forced traders to close positions they could no longer keep funded. The price fell below 70,000 earlier in the day, with liquidity heatmaps pointing to further downside. (Coin ...

Bitcoin falls under $68,000 with traders betting move to low-$60,000s - Reportify