{"id":73435,"date":"2026-06-02T10:23:45","date_gmt":"2026-06-02T10:23:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-traders-lose-455m-on-long-bets-as-btc-dips-below-70000\/"},"modified":"2026-06-02T10:23:45","modified_gmt":"2026-06-02T10:23:45","slug":"bitcoin-traders-lose-455m-on-long-bets-as-btc-dips-below-70000","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-traders-lose-455m-on-long-bets-as-btc-dips-below-70000\/","title":{"rendered":"Bitcoin Traders Lose $455M on Long Bets as BTC Dips Below $70,000"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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<\/svg>Key Takeaways<\/span><\/h2>\n
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  • Strategy sold 32 BTC for $2.5M to pay debts, triggering a bitcoin drop under $70,000 on Tuesday.<\/span><\/li>\n
  • The bitcoin slide triggered over $470M in leveraged position liquidations in 24 hours.<\/span><\/li>\n
  • Bears like Peter Schiff warn of a crash, but Raoul Pal sees a standard bitcoin bull correction.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Massive Liquidations Rock Crypto<\/span> Traders<\/h2>\n

    Bitcoin<\/span> ( BTC<\/span>) continued to plunge Tuesday morning, dropping below $70,000 as the fallout from Strategy\u2019s sale of 32 bitcoins continued to rock the cryptocurrency<\/span> market. According to Bitstamp data, the top cryptocurrency<\/span> tumbled to $69,390, its lowest level in nearly eight weeks, bringing its daily losses close to 4%. The decline also means bitcoin<\/span> has shed approximately $4,000 in under 48 hours, momentarily dragging its market capitalization below the $1.4 trillion threshold.<\/p>\n