Over $500M In Crypto Derivatives Liquidated As Bitcoin Drops From $67,700 To $64,300

Data from derivatives tracker CoinGlass shows that crypto exchanges liquidated about $507 million in positions over the past 24 hours, with roughly $438 million, or 86%, coming from long contracts. During this volatility, Bitcoin fell from $67,700 to $64,300 before rebounding, while its open interest dropped to $19.5 billion and bearish sentiment on social platforms climbed to a two-week high.