Cryptocurrency bulls face $440 million liquidation as Bitcoin falls

Coindesk reported that when Bitcoin fell below $64,000, cryptocurrency bulls faced a liquidation of $440 million. Coinglass data shows that the long bets on Bitcoin alone caused a loss of $100 million, while the cumulative losses from long positions on Ethereum, SOL, and DOGE amounted to $120 million. Binance had the highest liquidation amount at $212 million, followed by OKEx at $170 million.