Bitcoin has fallen below $69,000 again. Binance hit a low of $68,527, a 6.5% drop in 24 hours. In the past hour, $500 million in positions were liquidated across the network. The 40x leveraged long position in BTC on Hyperliquid has been liquidated 17 times since 10:21 PM last night. A total of 536 BTC has been liquidated, resulting in a loss of approximately $1.86 million. Now only 12.4 BTC remain, with a liquidation price of $68,505. According to Lookonchain, four whales on Hyperliquid have been liquidated in the past two days, totaling $144 million. So, simply put, large holders aren't wiped out all at once; they're gradually reduced to a fraction of their original value. The next drop is at $68,500; can they withstand it?