Bitcoin Slides to 2026 Low of $58,035, $715M in Long Bets Liquidated as June Losses Near 20%

BTC-1.87%
According to Bitcoin.com News, Bitcoin hit a 2026 low of $58,035 on Thursday morning before staging a relief rally, with the cryptocurrency closing the day near $59,500. The crypto market saw $1.01 billion in leveraged positions liquidated over 24 hours, with long bets accounting for $715 million of the total. Bitcoin is on track to record losses exceeding 20% for the month of June, bringing year-to-date declines to over 30% from its October 2025 peak above $126,000.
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