The move wiped out bullish leveraged positions ahead of a closely watched Federal Reserve decision, underscoring how macro events can amplify volatility in crypto markets.
Bitcoin fell below $63,000, triggering $134 million in liquidations of long positions (bullish leveraged bets), based on the information provided. The move came ahead of a closely watched Federal Reserve decision, highlighting the sensitivity of crypto markets to macroeconomic catalysts. No further details were included in the source text.