Over $666M Liquidated as Bitcoin Stumbles in Attempt to Restart Bull Run

Bitcoin price slumped below $122,000, leading to over $660M in Liquidation| Credit: Carl Court/Getty Images Key Takeaways Bitcoin slipped to $121,000 just a day after hitting a record $126,500. More than $666 million in leveraged trades were liquidated in 24 hours. Long traders bore the brunt, accounting for over 70% of losses. Bitcoin’s (BTC) latest rally was cut short on Tuesday, when the flagship cryptocurrency plunged below $122,000, only a day after setting a new all-time high of $126,500. ...