It was another sudden drop for Bitcoin early this morning, plunging to its lowest point in over two weeks at below $64,500.

The rapid decline led to a drastic increase in liquidated positions, with estimates nearing $500 million lost within hours, affecting almost 140,000 traders according to CoinGlass data. Notably, one whale was liquidated for a staggering $61.51 million during the BTC downturn, with the event recorded on HTX using the BTC/USDT trading pair.

Cryptocurrency Liquidations Daily. Source: CoinGlass

Another notable victim of the market dip was Machi Big Brother, a Taiwanese-American entrepreneur, previously known as a musician. Recent data from Lookonchain confirmed he faced partial liquidation of his Ethereum (ETH) holdings, as reported earlier by CryptoPotato.

Although suffering a loss of around $28 million, he continues to maintain a long position on Ethereum, holding 1,700 tokens valued at approximately $3.2 million.

ETH’s price faced a rejection at the $2,000 mark over the weekend, with a dip to $1,850, marking the first time it has been at this level since the crash in early February, where it previously hit a low of $1,750.

You may also like:

• The Fastest Bitcoin (BTC) Crash Is Over, But the Worst Is Yet to Come
• BTC Flash Dump: Why Bitcoin Fell $4K in Hours and What Comes Next
• Bitcoin Price Pullback: How Whales and Retail Investors Are Reacting

The market just crashed, and Machi@machibigbrother was partly liquidated again. But he keeps adding to his $ETH long position.

He now holds 1,700 $ETH ($3.21M), with a liquidation price of $1,818.74. His total loss has surpassed $28.8M. source pic.twitter.com/t9cEDpOzQ1