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Crypto Carnage: Bitcoin’s Slide Below $69,000 Triggers Massive $700 Million Liquidation

Over $700 million in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and other digital assets were liquidated in just 24 hours, as Bitcoin’s value dipped below its previous all-time high. Market intelligence platformCoinglass highlighted in a report that $260 million in Bitcoin and $122 million in Ethereum were among the assets liquidated, totaling a massive $727 million loss for traders, predominantly from long positions. Other significant cryptocurrencies affected include Solana (CRYPTO: SOL), Dogecoin (CRYPTO: DOGE), Pepe (CRYPTO: PEPE), Binance Coin (CRYPTO: BNB) and Worldcoin (CRYPTO: WLD),…