Bitcoin fell below $72,000 on Bitstamp after trading near $76,081 earlier in the week. In a 24-hour snapshot taken at 9:33 a.m. Eastern time, Coinglass recorded more than $656 million in liquidations, including over $555 million in long positions and more than $100 million in short positions.
The source cites ETF withdrawals and broader risk aversion as possible contributors, but does not establish what triggered the sell-off.
