On August 13, bitcoin fell back below $63,000, dropping to $62,912 before closing down 0.5% with its market cap falling back below $1.26 trillion. Total liquidations across the crypto market reached $227 million that day, including $122 million in long positions and approximately $105 million in short positions. At the same time, U.S. spot bitcoin ETFs recorded roughly $61 million in net outflows. This decline contrasts with the S&P 500, which hit a new record on the same day, highlighting the growing divergence between bitcoin and traditional equity markets.
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