🚨 $BTC 's price fell below $60,000 for the first time since late June, leading to the liquidation of $8.4 million worth of long contracts in an hour. Ethereum traders also faced losses, with $8.8 million in long contracts liquidated. The drop occurred after a period of net outflows from Bitcoin spot ETFs in the U.S. Despite the dip, Bitcoin's price has slightly recovered, trading above $60,000, while Ethereum's price also saw a decrease. The market is also influenced by potential repayments from the Mt. Gox trustee and concerns over U.S. inflation and federal interest rates‼️
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