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Massive Fortinet Firewall Breach Exposes Major Global Organizations to Russian-Speaking Attackers Apple CEO Tim Cook Warns of Price Hikes Due to AI-Driven Chip Shortage Chief Engineer Charged in Baltimore Bridge Collapse FDA Clears Second Maggot Species for Wound Therapy, Boosting Market Potential Detainees Transferred from 'Alligator Alcatraz' Amid Hurricane Season Concerns US Forest Service Exceeds Wildland Firefighter Hiring Goals Amid Dry Conditions Lula Warns Trump Against Interfering in Brazil's Election Jamaica in Talks to Accept Third-Country Deportees from U.S.Chi-Hua Chien: AI's Biggest Winners Won't Sell AI Iran War's Lingering Costs: Economic, Social, and Military Impacts Massive Fortinet Firewall Breach Exposes Major Global Organizations to Russian-Speaking Attackers Apple CEO Tim Cook Warns of Price Hikes Due to AI-Driven Chip Shortage Chief Engineer Charged in Baltimore Bridge Collapse FDA Clears Second Maggot Species for Wound Therapy, Boosting Market Potential Detainees Transferred from 'Alligator Alcatraz' Amid Hurricane Season Concerns US Forest Service Exceeds Wildland Firefighter Hiring Goals Amid Dry Conditions Lula Warns Trump Against Interfering in Brazil's Election Jamaica in Talks to Accept Third-Country Deportees from U.S.Chi-Hua Chien: AI's Biggest Winners Won't Sell AI Iran War's Lingering Costs: Economic, Social, and Military Impacts

leveraged positions

Steady2 stories2 sourcesLast updated: 6/2/2026

Related Topicsbitcoin ethereum xrp solana dogecoin bnb crypto derivatives liquidations

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Bitcoin Slides Under $68,000, Wiping Out $400M in Leveraged Crypto Positions

Crypto·6/2/2026AI summary

Bitcoin Slides Under $68,000, Wiping Out $400M in Leveraged Crypto Positions

Bitcoin's sudden drop below $68,000 triggered a rapid unwinding of crypto derivatives, liquidating nearly $400 million in leveraged positions within an hour. The slide, attributed partly to a symbolic sale by MicroStrategy, pushed BTC and other major cryptocurrencies lower.

Bitcoin Nears $80K as Altcoins Surge, $418M in Leveraged Positions Wiped Out

Business·4/22/2026AI summary

Bitcoin Nears $80K as Altcoins Surge, $418M in Leveraged Positions Wiped Out

Bitcoin hovers around $78,000, up nearly 2% in 24 hours, potentially revisiting $80K for first time in over 2.5 months. Altcoins rallied with PENGU leading gains at 12.6%, while ATOM, Aptos and Bitcoin Cash rose over 5%. Nearly $418M in leveraged positions were wiped out, with bears losing $286M. Investors assign 75% chance Bitcoin reaches $84K.