(Bloomberg) — Souring Bitcoin sentiment has triggered almost $1.5 billion in crypto liquidations over the past 24 hours, as the largest digital asset sank back to a two-month low.
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This forced deleveraging — the automatic, mandatory closure of high-risk trades by crypto exchanges — is the largest volume seen since February, according to data compiled by CoinGlass. Almost $800 million positions in Bitcoin were wiped out.
Bitcoin slipped as much as 7% to below $67,000 on Tuesday for the first time since April as lingering concern about the conflict in Iran and selling by major holder Strategy Inc. continued to dent investor appetite. The price of the token is down almost 50% from an all-time…
