{"id":36630,"date":"2026-02-23T20:47:35","date_gmt":"2026-02-23T20:47:35","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=36630"},"modified":"2026-02-23T20:47:35","modified_gmt":"2026-02-23T20:47:35","slug":"616410000-in-bitcoin-and-crypto-liquidated-as-btc-price-drops-to-64000","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=36630","title":{"rendered":"$616,410,000 in Bitcoin and Crypto Liquidated As BTC Price Drops To $64,000"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2024\/12\/Says-One-BTC-Chart-.jpg?resize=1024,600\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" \/><\/p>\n<p>Traders betting on a Bitcoin and crypto bounce are getting wrecked to start the week.<\/p>\n<p>Bitcoin dropped from a 24-hour high of $67,695 to as low as $63,962, triggering a total of $616.41 million in liquidations, according to <a href=\"https:\/\/www.coinglass.com\/liquidations\" rel=\"noopener\" target=\"_blank\">CoinGlass<\/a>.<\/p>\n<p>The vast majority of the liquidations hit traders going long, coming in at $524.28 million.<\/p>\n<p>BTC has recorded five consecutive red monthly candles, marking one of the longest losing streaks in Bitcoin\u2019s history.<\/p>\n<p>Today\u2019s plunge follows a broader market pullback, as markets assess the impact of the Supreme Court\u2019s ruling against Trump\u2019s tariffs.<\/p>\n<p>Zooming out, crypto analyst Micha\u00ebl van de Poppe <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/2026026503612637385\" rel=\"noopener\" target=\"_blank\">say<\/a> BTC remains locked in a major downtrend again gold.<\/p>\n<p><em>\u201cThe answer is: not bueno. Bitcoin couldn\u2019t hold above the $65,000 level and continues to fall. <\/em><\/p>\n<p><em>On the flipside: Gold continues to rally. The inverse correlation remains to be happening. Well, we\u2019ll see how that unfolds in the coming months, but it\u2019s clear that the trend remains to be down.\u201d<\/em><\/p>\n<p><em><span>Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span>Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span>Check <a href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span>Surf <a href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<div class=\"dianomi_context\" data-dianomi-context-id=\"736\"><\/div>\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyhodl.com\/2026\/02\/23\/616410000-in-bitcoin-and-crypto-liquidated-as-btc-price-drops-to-64000\/\">$616,410,000 in Bitcoin and Crypto Liquidated As BTC Price Drops To $64,000<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyhodl.com\/\">The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Traders betting on a Bitcoin and crypto bounce are getting wrecked to start the week. Bitcoin dropped from a 24-hour high of $67,695 to as low as $63,962, triggering a total of $616.41 million in liquidations, according to CoinGlass. The vast majority of the liquidations hit traders going long, coming in at $524.28 million. BTC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36631,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-36630","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$616,410,000 in Bitcoin and Crypto Liquidated As BTC Price Drops To $64,000 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=36630\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$616,410,000 in Bitcoin and Crypto Liquidated As BTC Price Drops To $64,000 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Traders betting on a Bitcoin and crypto bounce are getting wrecked to start the week. Bitcoin dropped from a 24-hour high of $67,695 to as low as $63,962, triggering a total of $616.41 million in liquidations, according to CoinGlass. The vast majority of the liquidations hit traders going long, coming in at $524.28 million. 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