Bitcoin Crashes Below $62K as $720M Liquidations Wipe $100B from Crypto

Bitcoin fell below $63,000 and hit an intraday low of $61,893 after losing $1,500 in three hours, breaking beneath its 200-week moving average. The sell-off followed a sharp Nasdaq decline, ETF outflows totaling $68 million for Bitcoin and $66 million for Ethereum, plus $170 million from BlackRock’s IBIT. Over $720 million in long positions were liquidated across BTC, ETH, XRP, SOL and altcoins while SPCX plunged 16.4 percent, pushing the broader market into extreme fear with $60,000 now the critical support level.