Bitcoin drops 4.8% in an hour; liquidations hit $560 million

BlockBeats reported on June 25 that Bitcoin slid 4.8% over the past hour, tracking a move in U.S. equities that saw an early rally give way to a pullback. At the time of writing, the price had rebounded to $59,308.38. During the brief sell-off, five leveraged positions each exceeding $10 million were liquidated across the market, pushing total liquidations to $560 million in nearly one hour.