Bitcoin broke below $60,000 on June 25, 2026, reaching an intraday low near $58,189. The drop triggered a liquidation cascade that wiped out more than $1.5 billion in leveraged positions across major exchanges within 24 hours. Yet the same data that confirmed the selloff also points to a potential reversal. A large cluster of short liquidations sits between $61,500 and $66,000, and several traders have published targets near $70,000 for a relief bounce. This article maps the forces behind the breakdown, the liquidation mechanics shaping price action, and the macro catalysts that will determine whether this is a ... (full story)