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Over $315M in crypto longs liquidated as Bitcoin falls below $60K, triggering a market sell-off.

Market News
13 Jul 2026
Crypto Briefing
View Source
Bearish
pluang ai news

More than $315 million in leveraged long positions were liquidated within 24 hours as Bitcoin dropped below the $60,000 support level, sparking forced selling across crypto derivatives markets. Bitcoin led with $152 million liquidated, followed by Ethereum with $148 million and Solana with $15 million, mostly from long traders. The sell-off was intensified by high speculative leverage and large Bitcoin transfers to exchanges signaling selling pressure. While significant, this liquidation event is smaller than past crises but highlights the risks of crowded long positions and the importance of monitoring funding rates for future market stability.

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