Bitcoin Plunges Below $64,000, Triggering $350 Million in Liquidations

Bitcoin experienced a sharp decline, falling below $64,000, which resulted in over $350 million worth of leveraged long positions being liquidated within a 60-minute period. This significant market volatility is attributed to selling pressure from U.S. traders and broader market dynamics, including record outflows from U.S. spot Bitcoin ETFs and ongoing miner capitulation.