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Bitcoin Hits $61,300 — Its Lowest Since February — as $1.6 Billion in Positions Are Liquidated
Cryptocurrency

Bitcoin Hits $61,300 — Its Lowest Since February — as $1.6 Billion in Positions Are Liquidated

Bitcoin dropped to $61,300 on Thursday, its weakest level since February 6, on a day that wiped out $1.6 billion in leveraged positions and pushed the Fear and Greed Index to 11. The immediate trigger was a convergence of 13 consecutive days of US spot ETF outflows, Strategy's first Bitcoin sale in nearly four years, and sustained capital rotation toward AI infrastructure. Ethereum fell to a 14-month low. Solana hit its lowest point since December 2023.

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