Bitcoin Slips, Big Losses Hit Traders

Bitcoin fell below $62, 000 early Thursday, sparking a rush of forced sales that wiped out more than $1. 5 billion in high‑risk crypto positions over the last day. The sell‑off left roughly 208, 000 traders on the market with liquidated accounts, according to CoinGlass data. Bitcoin alone accounted for over $800 million of those losses, while ether added another $386 million. The crash happened amid a continued slump in institutional appetite for crypto assets. In the past week, about $1 billion was pulled from U. S. spot bitcoin exchange‑traded funds, keeping the funds on a long streak of net outflows.Presto Research suggested that bitcoin’s dip may not be due to a single crypto issue but rather because investors are choosing other places for their money. Their analysis points out that bitcoin’s biggest falls this year have lined up with gains in gold and artificial‑intelligence stocks, as people grow less optimistic about the Federal Reserve cutting interest rates. If this pattern is correct, bitcoin’s rebound could rely more on easing inflation worries and a move back toward assets that are sensitive to liquidity, rather than on developments inside the crypto market itself. The situation highlights how closely the value of digital currencies can be tied to broader financial trends and investor sentiment.