Bitcoin Falls Below $68K as $1 Billion in Crypto Positions Liquidated

The statement is assessed as highly likely to be true based on strong, consistent evidence from multiple high-authority sources. Four separate sources, including leading crypto-native publications (CoinDesk), a major exchange (Coinbase), and a mainstream financial news portal (Yahoo Finance), directly corroborate the core claims. These sources consistently report that crypto liquidations reached or surpassed the $1 billion mark within a 24-hour period coinciding with Bitcoin's price falling below $68,000. For instance, one CoinDesk article specifies that liquidations surpassed $1 billion, and another analysis from the same publication confirms this figure. The Coinbase news snippet also directly confirms the $1 billion liquidation event in conjunction with the price drop, and the Yahoo Finance article syndicates the same information.There is one source that presents potentially conflicting information, reporting a liquidation event of $1.68 billion, but it also cites a different and confusing price trigger. Given that the vast majority of high-relevance, high-authority sources align on the approximate $1 billion figure and the sub-$68,000 price event, this conflicting report is treated as an outlier, possibly using a different data aggregator or time window for its calculation. Other sources are either contextually supportive without providing specific figures (Reuters) or are irrelevant to the statement (ETF data, reports on different market events). The weight of the consistent, direct, and credible evidence strongly supports the truthfulness of the statement.