BTC Drops to $58K as $1B in Leveraged Longs Liquidated

Bitcoin fell to $58,000 on the session, a fresh 20-month low and roughly 53% below its all-time high, as more than $1 billion in leveraged long positions were liquidated across crypto markets in 24 hours, including $450 million in a single 60-minute window. Over 178,000 traders were wiped out…