Bitcoin briefly fell below $63,000, with $227 million in positions liquidated, long positions accounting for $122 million
2026-08-13 18:25
Odaily News: Bitcoin fell to $62,912 on Thursday before briefly recovering above $63,000, with its market cap dropping to $1.26 trillion, still down 0.5% on the day.
The total amount of liquidations in the crypto market reached $227 million, with long position liquidations at $122 million and short position liquidations at approximately $105 million. Bitcoin long position liquidations amounted to nearly $34 million, an increase of over $13 million compared to the previous day.
AMINA Research pointed out in its macro analysis that geopolitical risks in the Strait of Hormuz have led to a temporary rise in energy prices, increasing inflation risks and potentially delaying the Fed's rate cut until the end of 2026. At the July 29 meeting, three regional Fed presidents supported a 25 basis point rate hike. (Bitcoin.com News)
The total amount of liquidations in the crypto market reached $227 million, with long position liquidations at $122 million and short position liquidations at approximately $105 million. Bitcoin long position liquidations amounted to nearly $34 million, an increase of over $13 million compared to the previous day.
AMINA Research pointed out in its macro analysis that geopolitical risks in the Strait of Hormuz have led to a temporary rise in energy prices, increasing inflation risks and potentially delaying the Fed's rate cut until the end of 2026. At the July 29 meeting, three regional Fed presidents supported a 25 basis point rate hike. (Bitcoin.com News)
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