Bitcoin breaks below $60,000, hitting the lowest point since October 14, 2024

According to OKX market data, Bitcoin has broken below $60,000 and is currently trading at $59,855, marking the lowest point since October 14, 2024. (It previously fell to around $60,000 on February 6 this year.)

Coinglass data shows that total liquidations across the network in the past 4 hours reached $8.1 billion, with long positions liquidated at $4.24 billion and long positions liquidated at $3.86 billion. Specifically, Bitcoin liquidations amounted to $162 million in the last 4 hours.