Bitcoin Falls to $62,554, Ethereum Slumps Below $1,820 After U.S. Market Open on July 17

BTC-2.16%
ETH-3.41%

According to BlockBeats, Bitcoin and Ethereum tumbled after U.S. market open on July 17. Bitcoin fell to $62,554.81, down 0.84% in the past hour, while Ethereum dropped to $1,810.62, barely holding above $1,800.

In response, trader "Maji" rapidly reduced Ethereum long positions on leverage to avoid liquidation, according to HyperInsight monitoring. The position size decreased to 3,500 ETH, valued at $6.338 million, with a liquidation price now at $1,795.49—less than 1% below the current price.

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