Bitcoin Falls Below $63K After IBM's Weakest Trading Day in 25 Years
Bitcoin dropped below $63,000 as IBM's worst trading performance in a quarter-century triggered $370 million in leveraged position closures.
Bitcoin's price fell below the $63,000 level following IBM's worst trading day in 25 years. The decline coincided with a wave of liquidations across leveraged positions, with $370 million in contracts closed during the move.
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