Bitcoin falls below $60,000, nearly 180,000 people in the coin circle have been liquidated in the past 24 hours.

The price of the world's largest cryptocurrency Bitcoin fell below the $60,000 mark on Wednesday, reaching a low of $59,023.11, the lowest level since October 2024. Over the past two years, traders in the cryptocurrency market have always viewed $60,000 as an important support level. As of the time of writing, CoinGlass data shows that nearly 180,000 people in the cryptocurrency market have been liquidated in the past 24 hours, with a total liquidation amount of $984 million, of which long positions account for $799 million.