Crypto Liquidations Top $1.9 Billion as Bitcoin Slides to $63,320

Bitcoin fell as low as $63,320 on Saturday, its lowest level since mid-August, while crypto traders absorbed more than $1.9 billion in liquidations over the prior 24 hours. It had dropped below $69,000 on Friday.

Bullish positions made up roughly 93% of the total, or $1.8 billion. Short positions accounted for $123.5 million, leaving losses heavily concentrated among traders positioned for prices to rise.

The pace accelerated late in the period: $925 million in positions were liquidated in its final four hours, almost all bullish bets.

The broader digital-asset market lost almost 6% in 24 hours and stood at $2.3 trillion. Ether (ETH) fell nearly 10% below $1,800; BNB lost 9%, XRP fell 11.5% and Solana (SOL) declined 12%. Most digital assets fell by double-digit percentages.

The Crypto Fear & Greed Index fell to 13 on Saturday from 20 the day before. It had last registered a reading below 20 in early July.