Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February.
Bitcoin drops below $54K as crypto liquidations near $665M
![Bitcoin drops below K as crypto liquidations near 5M Bitcoin drops below K as crypto liquidations near 5M](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDcvODRlY2YzNTgtM2ExZC00OTAyLTg5MWMtMjBmZTFkNGFkM2I0LmpwZw==.jpg)
Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February.