Bitcoin drops to $60.5000 as Coinbase Premium Gap points to selling pressure

Bitcoin had a rough day on Wednesday, starting the day above $62,000 but quickly sliding to a daily low of $60,541. The market turmoil didn’t stop there, as more than $40 million in long bitcoin positions were wiped out. In the broader crypto space, both long and short positions saw liquidations totaling $169.45 million over the past 24 (…)