$48M Longs Liquidated In An Hour As Bitcoin Loses $20K Support

Crypto traders in long positions saw large-scale liquidations over a one-hour period on Monday after Bitcoin (CRYPTO: BTC) lost support at $20,000. What Happened: According to data from Benzinga Pro, Bitcoin experienced a sharp selloff on Monday evening, falling from an intra-day high of $20,648 to a low of $19,823 in just six hours.