BTC falls below $58,000, down 5.56% in 24 hours

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According to Binance market data, BTC fell below $58,000, down 5.56% in 24 hours, and is now quoted at $58,094. According to Coinglass market data, the entire network had a liquidation of $277 million in 24 hours, of which $252 million was liquidated for long orders and $24.78 million was liquidated for short orders. The largest single liquidation occurred on OKX - ETH-USD-SWAP, worth $4 million.

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