MARKET UPDATE😲😲😲😲😲😲
Bitcoin's price plummeted below $54,000, reaching a four-month low of $53,499 on Coinbase, following news of Mt. Gox's cold wallet transfer. This triggered a massive liquidation of long Bitcoin positions, totaling $222 million in the last 24 hours. The crypto market saw a significant surge in liquidations, reaching $664.5 million, the highest in two months. Bitcoin has slightly recovered to $54,300, still down 7.4% in the past 24 hours. Other major cryptocurrencies, such as Ether and Solana, also experienced significant drops, with ETH falling below the key $3,000 level to $2,898.20. The liquidations included $584 million in long bets and $82 million in shorts, with long BTC positions accounting for $222 million of the total.