Why did Bitcoin (CRYPTO:BTC) fall below $64,000?

Bitcoin (CRYPTO:BTC) declined during a broader crypto market sell-off. The drop triggered heavy liquidations across leveraged positions.

How much was liquidated during the sell-off?

More than $100 million in leveraged cryptocurrency positions were liquidated across the market.

A liquidation happens when an exchange automatically closes a leveraged position because the trader no longer meets margin requirements.

Yes. Ethereum (CRYPTO:ETH) and several other major cryptocurrencies also declined during the market sell-off.

Liquidations can force additional buying or selling in a short period, which often leads to larger price swings.

Image for illustrative purposes only. Not a real photo.

Written by Liezl GambePublished Jul 28, 2026, 7:19 AM

Bitcoin (CRYPTO:BTC) fell below $64,000 during a broad crypto market sell-off.
More than $100 million in leveraged positions were liquidated across the market.
The decline triggered losses across several major cryptocurrencies.

Bitcoin (CRYPTO:BTC) fell below $64,000 as a broad cryptocurrency sell-off wiped out more than $100 million in leveraged positions.

The price decline triggered liquidations across major exchanges as traders with leveraged bets were forced to close their positions.

Ethereum (CRYPTO:ETH) and several other leading cryptocurrencies also moved lower as selling pressure spread across the market.

Market analysts said the drop reflected weaker investor sentiment and increased volatility rather than a single market-moving event.

Liquidations occur when exchanges automatically close leveraged positions after traders no longer meet margin requirements.

Large waves of liquidations can increase market volatility by adding more selling pressure in a short period.

The latest decline highlights the risks of leveraged trading during periods of rapid price swings in the cryptocurrency market.

At the time of reporting, Bitcoin price was $63,502.43.