Bitcoin Liquidations Surge $227M as Price Dips Below $63,000

BTC breach of $63k triggers $227M in liquidations, with longs accounting for $122M. Macro headwinds from energy inflation risks may delay Fed rate cuts.

Woofun AI reports that Bitcoin price fell to $62,912 on Thursday before recovering slightly above the $63,000 level, causing its market capitalization to drop to $1.26 trillion. The asset recorded a daily decline of 0.5% amidst this volatility.

Total cryptocurrency liquidations reached $227 million, comprising $122 million in long positions and approximately $105 million in shorts. Bitcoin-specific long liquidations totaled nearly $34 million, marking an increase of over $13 million from the previous day. AMINA Research highlighted that geopolitical tensions in the Strait of Hormuz have driven up energy costs, potentially pushing Federal Reserve rate cuts to late 2026, while three regional Fed chairs supported a 25 basis point hike at the July 29 meeting.