Bitcoin fell below $66,000 on Saturday morning before losing the $64,000 mark in the evening. According to CryptoSlate, it was down 6.5% over 24 hours, 15.8% over seven days and 19.7% over 30 days, with trading volume of $31.59 billion. Newhedge recorded several individual liquidations of leveraged long positions, including $919,774 on Binance and $260,381 on Bybit. These forced closures add selling pressure, while a potential rebound does not reopen positions that have already been liquidated. The data do not establish what triggered the decline or how much of it was caused by liquidations.
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