Bitcoin Plunges Below $86K: Triggering $1.06 Billion Liquidations

A significant decline in Bitcoin’s price has led to substantial market losses. Over 230,000 traders have been forced to liquidate their positions, resulting in a staggering loss of $1.06 billion at the $86,099 level. This follows a wave of withdrawals from U.S. spot Bitcoin ETFs exceeding $1.1 billion across five trading days and the largest withdrawal of $516 million on February 24th alone.