Key facts
- Bullish crypto bets totaling $1.6 billion were liquidated.
- Ethereum, Solana, and Dogecoin prices fell by approximately 9%.
- The largest single liquidation was a $59.67 million BTC-USDT long on HTX.
- Bitcoin is at risk of dropping below $65,000, with the $60,000 level being crucial.
- Geopolitical tensions between the US and Iran have impacted market sentiment.
- Veteran trader Peter Brandt projects a potential decline to $56,000 for Bitcoin.
