#BTC Bitcoin Price Drops as Nearly $300 Million in Longs Liquidated

Bitcoin and other major cryptocurrencies took a sudden hit Friday afternoon, resulting in almost $300 million in liquidations within an hour. Bitcoin fell from over $71,000 to below $69,000, and Ethereum dropped from $3,800 to under $3,650. CoinGlass data shows $285 million in crypto long positions and $12 million in short positions were liquidated in the last hour. Over the past 24 hours, $399 million in longs and $47 million in shorts were liquidated. Both Bitcoin and Ethereum are starting to rebound.