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Bitcoin Triggers $87M in Liquidations After Sliding Below $64,000 on Friday

Derivatives Data Price Volatility

2026-07-24 19:22:24

BTC-1.29%

Bitcoin slipped below $64,000 on Friday, marking a reversal after nearly reaching $67,000 mid-week. The cryptocurrency tumbled to an intraday low of $63,666 in just over seven hours before bouncing back above $64,000, leaving it down roughly 1% on the day.

The decline triggered $87 million in Bitcoin liquidations, comprising $70 million in long positions and $17 million in shorts. Across the broader crypto market, $312 million in leveraged positions were wiped out, reducing Bitcoin's market capitalization from $1.3 trillion to $1.285 trillion.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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