The price of Bitcoin slipped below $64,000 Thursday morning, with over $209 million in crypto long positions liquidated as the market slumped overnight.Per data from As Bitcoin tumbled, the wider crypto market fell in lockstep, with the combined market cap of all cryptocurrencies dropping by 4.7% overnight. Among the top 10 cryptocurrencies, Toncoin (TON) has seen the biggest dip, down 10.1% over the past 24 hours to trade at $5.21.The market slump saw over $209 million in crypto long positions liquidated, according to CoinGlass data, with over $52 million in Bitcoin longs liquidated. Longs are derivative contracts that enable investors to bet that the price of an asset will go up; if a long is liquidated, then the trader has lost the bet and their position is closed.The downturn comes as inflows into BlackRock’s spot Bitcoin ETF dried up, ending a 71-day streak after it broke into the top 10 for the longest ETF daily inflow streaks since 2004.Across the board, according to This comes as Hong Kong’s spot Bitcoin and Ethereum ETFs were officially approved yesterday, with a Over the weekend the Alongside the halving, a new Bitcoin token standard called
