Quick Take Bitcoin experienced a sharp decline, dropping to $54,000, down a further 5% in 24 hours, marking a 27% decrease from its all-time high. This downturn has led to significant market turmoil, with approximately $685 million in liquidations over the past 24 hours, including $590 million in long positions…
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Bitcoin plummets to $54K seeing $590 million in long liquidations
![Bitcoin plummets to $54K seeing $590 million in long liquidations](https://www.unifitrip.com/wp-content/uploads/2024/07/73061-bitcoin-plummets-to-54k-seeing-590-million-in-long-liquidations.jpg)
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