Bitcoin Price Drops Near June Low as $1.4 Billion Crypto Liquidations Hit Altcoin Market

Bitcoin is approaching its June low price level while massive liquidations totaling $1.4 billion have created significant volatility across altcoin markets. The cryptocurrency market continues to experience substantial selling pressure as traders face margin calls and forced position closures. Major altcoins including Ethereum, Solana, and Cardano have shown considerable price declines amid the market-wide downturn. Market analysts attribute the current volatility to changing macroeconomic conditions and reduced risk appetite among institutional investors. Trading volumes have surged as market participants adjust their positions in response to the ongoing price corrections across digital assets.