Binance data: Bitcoin drops below $60,000; $462.52 million in crypto derivatives liquidations in four hours

Binance market data shows Bitcoin (BTC) has slipped below the $60,000 mark and was last trading at $59,352.01, down 7.10% on the day after hitting an intraday low of $59,141.00. Ether (ETH) was at $1,554.97, down 1.79% over the past 24 hours, after touching a low of $1,543.33. CoinGlass data indicates roughly $462.52 million in crypto derivatives positions were liquidated across the market over the past four hours, including $393.31 million in long liquidations and $69.21 million in short liquidations.