The leading cryptocurrency Bitcoin dipped as low as $64,600 during early Asian hours on Tuesday, which saw the liquidation of leveraged positions at $480 million.

As per the Coinglass data, in the past 24 hours, 190,144 traders were liquidated with the total liquidations coming in at $480.93 million, out of which $420 million were long positions.

Around $372 million in long positions were liquidated on Binance, OKX and HTX. At the time of writing, Bitcoin recovered slightly as it trades above $65,700. The slide in the leading cryptocurrency triggered a collapse in the altcoins as well. Ethereum dipped nearly 4% in the 24 hours as it currently trades at $3,450.

Thank you for the news. that was perfect. 👌🏽