Bitcoin fell more than 7% as of today and fell below $66,000. These movements of the largest cryptocurrency, which also saw sharp upward recoveries after the declines, led to the liquidation of more than $800 million in futures and leveraged transactions.

According to information from Coinglass, at the time of writing, the last 24-hour liquidation value is around $811 million. Of this, $668 million consisted of long positions and $145 million of short positions. Another $279 million of the liquidated positions belonged to Bitcoin transactions.

After the declines, the rises in the last 1 hour liquidated $10 million of short positions and $5 million of long positions.

More than $300 million liquidated

There were also large losses on the exchanges. In Binance, a total of $300 million in long and short positions was liquidated in a 24-hour period. For OKX, this figure was $290 million.

In the minutes when the news was written, Bitcoin is trading at $68,350.